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National Hospital System Acquires Northridge Surgery Center

February 1, 2022

Written by Jim Freund
ASCs Inc. Senior Partner

National Hospital System Acquires Northridge Surgery Center

February 1, 2022ASCs Inc. is pleased to announce the sale of the Northridge Surgery Center to a national hospital system that is focused on expanding its outpatient footprint to support their growth initiatives.

The owners of the new multi-specialty ASC, with three operating rooms and located in a prime location in Northridge, CA, wanted to consider multiple options when it came to selling their center. 

Northridge is located in the heart of the densely populated San Fernando Valley (population 1.5 million), just north of Los Angeles.  With a young, diverse and affluent population, Northridge is a very desirable location for a healthcare system and surgery centers.

“Our objective as always is to help our clients realize their goals when selling an interest in their ASC businesses,” states Jim Freund, ASCs Inc.’s Senior Partner. “In the case of the Northridge Surgery Center, the owners had built a beautiful state-of-the-art center and wanted to realize a significant gain on their capital investment. Our team marketed this to the most likely and qualified prospective buyers on a local, regional, and national level, which resulted in an excellent outcome for the physician-owners.”

Northridge Surgery Center sold for an undisclosed amount during the second half of 2021, after the outset of Covid-19.

 

About ASCs Inc. (www.ascs-inc.com)

For over 20 years the industry leading team at ASCs Inc. has focused exclusively on representing the best interests of physician-owners who are considering a strategic transaction and selling an interest in their surgical center or group practice.  By leveraging the knowledge, experience and expertise that has come from successfully managing over 300 complex and time consuming transactions we enable our clients to realize the best possible financial and non-financial results with our risk-free process.

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