National Surgical Care Acquires ASCs in Fla., Conn.

DALLAS, Texas – National Surgical Care (NSC) announced the acquisition of a majority interest in Coral Springs Surgical Center in Coral Springs, Florida, and the formation of a joint venture with Stamford Health System, Inc. to acquire a surgery center in Wilton, Connecticut.

Coral Springs Surgical Center is a multi-specialty outpatient surgery center with primary emphasis in gastroenterology, ophthalmology, pain management and orthopedics. Similarly, WiltonSurgeryCenter focuses on ophthalmology and pain management. Terms of the transactions were not disclosed.

Commenting on the announcement, Sami S. Abbasi, chairman and chief executive officer of NSC, says, "We are very pleased with our investment in Coral SpringsSurgicalCenter, and in our partnership with the center’s talented surgeons. Coral SpringsSurgicalCenter is a multi-specialty facility with a longstanding reputation for excellence. It serves a vibrant community and, with its 26 physician partners and over 50 surgeons on the medical staff, it is positioned for future growth. We look forward to realizing these opportunities with our new partners.

"We also are very pleased with our joint venture with Stamford Health System and our mutual investment and partnership with the medical staff of the WiltonSurgeryCenter," Abbasi continues. "NSC has several similar physician-hospital joint-venture partnerships, and these structures truly provide a winning relationship for all parties involved – especially our patients by providing key resources and lower cost in a professional, friendly, and comfortable setting."

Commenting on the partnership with NSC, Dr. John Rosenthal, president of Coral SpringsSurgicalCenter, says, "We welcome NSC as our new partner and look forward to working with NSC to take our center to a new level of service for patients and physicians in the Coral Springs market."

Commenting on the joint venture with NSC, Brian Grissler, president and chief executive officer of Stamford Health System, says, "Working with NSC provides additional resources to Stamford Health System to ensure that it continues its mission of providing a broad range of high-quality health and wellness services focused on the needs of our communities. The WiltonSurgeryCenter joint venture adds and expands resources to our community.

"NSC owns and operates a network of surgery centers in partnership with physicians and healthcare systems across the United States. The company is dedicated to clinical excellence in outpatient surgery and adds value to its surgical facilities by providing superior operations management. NSC is actively seeking additional physician-owned surgery centers to join its growing network.

Source: National Surgical Care

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