While ownership stake plays a large role in determining power, each class of investors has the right to name and use reserved powers, as defined in the operating agreement, according to a recent Becker’s ASC Review article.
A hospital may typically reserve the right to dictate what procedures can and cannot be performed in the ASC.
“The biggest thing physicians want is microeconomic control,” said Joe Zasa, managing partner of ASD Management in the report. “How does the center operate on a day-to-day basis: hiring, firing, dividends, etc.”
More Articles on Transactions and Valuation Issues:
Transaction tip of the day: when is the right time to sell?
5 articles on successful ASC real estate ownership & transactions
8 ASC real estate transactions in 2014
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
