Henry County Medical Center in Paris, Tenn., has received approval for a $7 million loan for a project that includes the acquisition of Kentucky Lake Surgery Center in Paris from a group of local physicians, according to a Paris Post-Intelligencer report.
The loan was approved by the Henry County Commission. The hospital's plans to acquire the ambulatory surgery center were reported earlier this month.
The $7 million covers the ASC's $5.8 million purchase price and the cost of the $1.2 million da Vinci surgical equipment at the center.
The ASC's physicians will continue to staff the surgery center, with Henry County Medical Center operating the business.
Related Articles on ASC Transactions:
Regent Surgical Health Partners With CA Hospital, Surgeons on Two Joint-Venture ASCs
TN Hospital in Columbia Applies for Surgery Center CON
Permit Issued for New WI Surgery Center in Green Bay