We have developed numerous surgery centers. Chances are, this will be the first time you have participated as an investor-owner in an ASC. SurgCenter Development 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.
The recruitment of physician investors and legal formation of the company. Surgical specialties represented in previous projects have included Pain Management, Orthopedics, Ophthalmology, ENT, Podiatry, Gastroenterology, Dermatology, General Surgery, Gynecology, Neurology, Spine Surgery, Reconstructive Surgery, Urology and Hand Surgery.
Each ASC project is formed as an LLC. Members purchase 100% of the company's shares. Typically a 1% ownership is sold for $5,000 - $7,000, so that a 5% ownership in the LLC represents a $25,000 - $35,000 investment by an individual Member. Usually there are three payments made over a six-month period.
The ASC is operated in accordance with the Operating Agreement. This document has been refined by over 1000 physicians and attorneys, and is customized for each ASC project. All members have voting rights and receive income distributions based on their percentage of ownership in the company. SurgCenter Development is a vested partner that purchases 35% ownership and then provides no-fee consultative and management services to the Members and ASC staff. The SurgCenter Model does not require the use of outside management services.
The combined investment of the Members creates an initial capitalization of $500,000 - $700,000. This amount may vary depending on the size and scope of the project. Based on previous surgery centers we have helped develop, this initial capital is allocated as follows:
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 no or limited personal guarantees required of the physician owners. Equipment financing is available through equipment leasing companies secured by the equipment.
Midwest Specialty Surgery Center
Located in Southwest Indianapolis near the Indianapolis International Airport, Midwest Specialty Surgery Center is a 9000 ft.² state-of-the-art surgery center with two operating rooms, two procedure rooms, and five private recovery rooms. This facility is a especially...» Learn more