Southern Sports Surgery Center Owners Plan to Sell 38% Stake to SurgCenter Development

Two physician owners of Southern Sports Surgery Center in Hendersonville, Tenn., have filed a certificate of need application for the sale of 38 percent ownership to the ambulatory surgery center management and development company SurgCenter Development, according to the Tennessee CON Report – August 2013.

The physicians currently own a 50 percent stake each. The surgery center currently holds a CON for the establishment of an additional ambulatory surgical treatment center in Hendersonville. The approved project, which also includes the expansion of multispecialty services, is expected to cost $3.36 million.

More Articles on Transactions and Valuation Issues:
An Overlooked Consideration When Selling an Interest in Your Ambulatory Surgery Center or Endoscopy Center
15 Statistics on Operating Expense in Surgery Centers Across the US
Cleveland Clinic Sells Elyria Surgery Center Building for $20.2M

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