The Tacoma (Wash.) Ambulatory Surgery Center is closing after 30 years, squeezed by competition from the city's two large health systems, according to a News Tribune report.
The surgery center handled its last seven outpatient surgeries on Friday. Over the last two years, the number of surgeries has dropped by half, according to administrator Jason Forbes. Two years ago, the center typically handled 190 to 200 surgeries a month. This month, that number dropped to 80.
The center has gradually decreased its employment from 32 to 12 as the number of operations declined. Mr. Forbes said the number of surgeries has dropped for several reasons: the recession, pending changes in healthcare legislation leading to reduced reimbursement, and competition from MultiCare and Franciscan in the community.
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The surgery center handled its last seven outpatient surgeries on Friday. Over the last two years, the number of surgeries has dropped by half, according to administrator Jason Forbes. Two years ago, the center typically handled 190 to 200 surgeries a month. This month, that number dropped to 80.
The center has gradually decreased its employment from 32 to 12 as the number of operations declined. Mr. Forbes said the number of surgeries has dropped for several reasons: the recession, pending changes in healthcare legislation leading to reduced reimbursement, and competition from MultiCare and Franciscan in the community.
Related Articles on Transactions and Valuation:
Tennessee's Franklin Endoscopy Center Seeks to Expand, Add Up to 20 Surgeons
Hart Road Pain and Spine Institute Opens in Chicagoland Area
Montana's Billings VA Clinic to Build Outpatient Surgery Center