William W. Backus Hospital proposes $16.7M to acquire Constitution Surgery Center East — 5 things to know

Norwich, Conn.-based William W. Backus Hospital is seeking to acquire Constitution Surgery Center East in Waterford, Conn., according to the day.

Here are five things to know:

1. Since its inception in 2001, the ASC has offered ophthalmology services. The center expanded its services lines to add orthopedic services in 2011.

2. Seventeen physicians currently own Constitution Surgery Center East and would hold a 49 percent ownership of the ASC if state regulators approve the acquisition. The hospital would own a 51 percent share pending regulatory approval.

3. To acquire the ASC, William W. Backus Hospital proposed to pay $16.7 million.

4. If the deal comes to fruition, Constitution Surgery Center East would be the hospitals' second healthcare facility in Waterford. The hospital currently operates the Backus Family Health Center.

5. The hospital plans to maintain the center's existing range of services, as well as maintain current staff members as managers.

More healthcare news:
7 things for ASC leaders to know for Monday — July 18, 2016
MEDARVA challenges Virginia health department's CON denial recommendation: 5 key takeaways
Million-dollar losses & thousands of uninsured: Will the remaining 7 co-ops persevere or fall prey to the turbulent payer marketplace?

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Webinars

Featured Whitepapers

Featured Podcast