Here are five things to know about the potential sale of the surgery center.
1. Cottage Health engaged Cain Brothers & Co., a New York-based investment banking firm, to help find a buyer for the surgery center, according to the report.
2. United Surgical Partners International is the center’s potential buyer.
3. USPI will need to first appraise the center before reaching an agreement with Cottage Health.
4. The process could take up to five months. Once an agreement is met, a proposal will need to be sent to the FTC, according to the report.
5. If the Cottage Health and Sansum Clinic merger is approved, it will bring together three hospitals and 23 ambulatory sites, according to the report.
More articles on transactions and valuation issues:
Premier ASC project reconsidered in New York: 5 things to know
ProMedica surgery center project moves forward
Surgery Partners’ IPO expected to reap up to $350M
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