Sioux Falls (S.D.) Specialty Hospital, a part of Medical Facilities Corp., acquired Prairie States Surgical Center in Sioux Falls.
Here are five takeaways:
1. Prairie States Surgical Center specializes in orthopedic procedures.
2. In 2015, the surgery center had revenue totaling $8 million.
3. Through the acquisition, Prairie State Surgical center will merge into Sioux Falls Specialty Hospital's operations.
4. The deal is valued at nearly $19.95 million and will be paid over five years.
5. Sioux Falls Specialty Hospital expects to complete the acquisition on Oct. 3, 2016.
"Prairie States Surgical Center is a great addition, a clear demonstration of the organic growth opportunities within our current markets and will increase our profile in the Sioux Falls community," said Britt T. Reynolds, CEO, Medical Facilities Corp. "As well, the close proximity of PSSC to SFSH enables operational adjustments that we anticipate will generate near-term synergies. We expect this acquisition to be immediately accretive."
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