Getting Your Project Started

SurgCenter Development has significant and successful experience with hospital-surgeon joint ventured ASC's and surgeon owned ASC's. Chances are, this will be the first time your hospital and surgeons have participated as an investor in an ASC, and we fully understand the challenges and opportunities of the hospital and surgeons working together as true partners. We will provide the template for success, and will work with you to customize the ASC to meet the needs of the partners and local market.

Typically, the process involves:

The hospital-surgeon leaders and SurgCenter Development work together with the recruitment of physician investors and the legal formation of the company. Surgical specialties represented in previous projects have included Pain Management, Orthopedics, Ophthalmology, ENT, Podiatry, Gastroenterology, Dermatology, General Surgery, Gynecology, Cosmetic and Reconstructive Plastic Surgery, Urology and Hand Surgery.

The combined investment of the Members will vary depending on the size and scope of the project. Based on previous surgery centers we have developed, this initial capital ranges from $500,000 to $1,000,000.

SurgCenter Development will assist the Members in securing financing for equipment purchases and tenant improvement costs. In many of our previous ASC projects, tenant improvement financing has been secured with limited personal guarantees required of the owners. Equipment financing is available through equipment leasing companies secured by the equipment. The hospital may have existing land, medical office building space or even an existing ASC, that could be used to house the ASC or capitalize the hospital investment.

SurgCenter Development: Empowering Hospital-Surgeon Partnerships