Here are five key notes:
1. Silver Cross estimates the center will cost nearly $11.1 million.
2. The center will offer procedures including colonoscopies, cataract surgeries and upper gastrointestinal endoscopies.
3. Last week, Silver Cross sent its plans to the Illinois Health Facilities and Services Review Board. Silver Cross needs to obtain state approval prior to opening the center.
4. The health system plans to build an outpatient center equipped with three operating rooms rather than expanding its hospital because the additional hospital operating rooms would have cost nearly $30 million.
5. If approved, Silver Cross plans to sell up to 49 percent of the surgery center’s ownership to physicians.
More articles on surgery centers:
How hybrid surgery centers can increase an ASC’s case volume & breadth
Analysts rate Surgery Partners shares — 5 takeaways
Canaccord Genuity increases MFC’s price target — 5 facts
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.