Philadelphia-based Rothman Institute added another investor to own a portion of Bryn Mawr, Pa.-based Physicians Care Surgical Hospital, with future plans including a surgery center, according to The Times Heart News.
Here are five takeaways:
1. Prior to the deal, the hospital's three owners included Rothman Institute, Leawood, Kan.-based NueHealth and Philadelphia-based Jefferson Health.
2. The three groups added Pennsylvania-based Main Line Health to the mix as per the deal's terms.
3. The health groups will expand a facility next to the Physicians Care Surgical Hospital, which includes plans for a 22,000-square-foot ASC.
4. Medical offices will encompass the rest of the space.
5. Later in June, Rothman Institute will open at orthopedic-driven ASC at Bryn Mawr Hospital, thereby expanding upon its outpatient presence. Rothman also has an ASC at Media, Pa-based Riddle Hospital.