Physician Transaction Advisors (formerly ASCs Inc.) is pleased to announce that the physician-owners of the Modesto Surgery Center have sold the ASC to a national Surgery Center Management Company and a syndicated group of surgeons.
The physician-owners of the single-specialty ASC were seeking an exit strategy and a buyer for the ASC business that could provide the resources needed to grow the center, recruit physicians and additional partners, and provide professional management services.
“With Modesto Surgery Center we created a Confidential Information Memorandum that enabled us to best present the ASC to over a dozen national and regional organizations that we felt would have an interest in acquiring the ASC,” states Jon Vick, Physician Transaction Advisors Founding Partner. “We created a competitive process that enabled the owners to realize maximum value for the center.”
The Modesto Surgery Center is now part of a significantly larger group that provides a suite of services that will enable the ASC to grow and build on what was in place with the prospects of significantly higher utilization and profits.
About Physician Transaction Advisors
For over 20 years the industry-leading team at Physician Transaction Advisors (formerly ASCs Inc.) has focused exclusively on representing the best interests of physician-owners who are selling an interest in their surgical center, practice or their real estate. By leveraging the knowledge, experience and expertise that has come from successfully managing over 300 complex and time consuming transactions the Physician Transaction Advisors team enables our clients realize the best possible financial and non-financial results using our risk-free process.