Here are four notes:
1. Sheridan Memorial CEO Mike McCafferty told the Sheridan Press the hospital is purchasing the real estate for nearly $3.18 million and the business entity for $1.6 million. Both entities are at appraised value.
2. Sheridan Orthopedic Associates, a medical practice group, will purchase 60 percent of the business entity, and Sheridan Memorial will own 100 percent of the real state.
3. Mr. McCafferty noted the deal’s primary change is allowing patients to choose where to have their surgery as opposed to the Sheridan Memorial requiring patients seek outpatient care at the hospital.
4. Mr. McCafferty told the Sheridan Press, “It’s been something that we’ve talked about for a long time, and we were able to get it done. So it’s real positive for the community. If you can grow together to create a healthcare system in a community, it’s better than if people grow apart.”
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