A group of surgeons is acquiring a minority ownership stake in an ambulatory surgery center in Cary, N.C., owned by Raleigh, N.C.-based Rex Hospital, according to a report from the Triangle Business Journal.
The physician group, the Surgical Center of the Carolinas, is working to raise $7.3 million to acquire a 45 percent share in the ASC.
The group had considered applying for a certificate of need to build its own surgery center, but with the high cost associated with the CON process and no guarantee of approval, the surgeons instead approached Rex Hospital about investing in the 4-OR ASC, according to the report.
Read the Triangle Business Journal report about the Cary surgery center (subscription required for full article access).
Read about other surgery center joint ventures:
- Hawaii's Hilo Community Surgery Center Enters Into Joint Venture With Hospital
- Ohio Joint-Venture ASC to Become Hospital-Based Surgery Center
- Northstar Healthcare Announces Syndication of MicroSurgery Institute of Houston