The Illinois Health Facilities and Services Review Board has approved St. John's Hospital's proposal to acquire Prairie Surgery Center in Springfield, Ill., for $8.5 million, according to a report by The State Journal-Register.
The surgery center was founded by ophthalmologist Sandra Yeh, MD. Three years ago, Dr. Yeh earned state approval and built the center for $3 million.
St. John's Hospital is considering seeking approval to expand the number of specialties offered at the center.
Dr. Yeh will continue to practice at the nearby Prairie Eye and Lasik Center, of which she is a part owner. St. John's Hospital has not announced plans to employ Dr. Yeh or any other physicians performing procedures at the center.
St. John's will hire 19 staff members of the surgery center and offer them signing bonuses.
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The surgery center was founded by ophthalmologist Sandra Yeh, MD. Three years ago, Dr. Yeh earned state approval and built the center for $3 million.
St. John's Hospital is considering seeking approval to expand the number of specialties offered at the center.
Dr. Yeh will continue to practice at the nearby Prairie Eye and Lasik Center, of which she is a part owner. St. John's Hospital has not announced plans to employ Dr. Yeh or any other physicians performing procedures at the center.
St. John's will hire 19 staff members of the surgery center and offer them signing bonuses.
More Articles on Transactions and Valuation Issues:
How Has the ASC Acquisitions Market Changed?
San Antonio Orthopaedic Group Remodels ASC for More ORs
CONs in the ASC Industry: A Brief History & Analysis