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.

Advertisement

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

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.

Register to Attend Webinar

Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

Advertisement

Next Up in ASC Transactions & Valuation Issues

Advertisement

Comments are closed.