St. Rose ASC becomes joint venture

Great Bend, Kan.-based Centura Health and Hays Medical Center (HaysMed) have signed a letter of intent to co-own St. Rose Ambulatory & Surgery Center.

Advertisement

While both organizations are working to expand the physician staff of the center, the staff will be both employed and managed by HaysMed. The center’s administrator will be selected by the St. Rose Health Center Board, and the board itself will include equal representation from both hospitals.

When the agreement is finalized this coming winter, the center’s name will change to St. Rose Health Center, and its current buildings and medical office will be expanded

“St. Rose, Centura Health and HaysMed are high-quality and well-respected names in health care. Our relationship signifies a quantum leap forward in outpatient care for central Kansans, and the state-of-the-art facility will offer added convenience and value for patients, and create operational efficiencies for staff,” said Scott Taylor, president and CEO of St. Rose.

More articles on transactions and valuation:
4 ways to recruit new physicians
3 new joint venture ASCs
Green design pads bottom line

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.

Advertisement

Next Up in ASC Transactions & Valuation Issues

Advertisement

Comments are closed.