Four things to know:
1. Billiken Buyer plans to purchase “substantially all of the outstanding membership interests” from OH Holding, which currently has nearly 100 percent indirect ownership in Eye Surgery Center.
2. The transaction is pursuant to a merger. It would make Billiken Buyer the ASC’s parent entity, with Eye Surgery Center LLC remaining the ASC’s operating entity.
3. While OH Holding is the surgery center’s majority interest holder, ECP ASC Holdings, Clarkson Eyecare and Eyecare Partners each have at least 5 percent interest.
4. Eye Surgery Center’s application for change of ownership exemption is pending approval from the Illinois Health Facilities and Services Review Board.
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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.