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NorthShore Capital Advisors Announces $10.3 Million Deal Closed with Georgia Hospital / ASC
ASC industry experiencing significant consolidation up-tick
Knoxville, Tenn. – NorthShore Capital Advisors, a Knoxville-based firm specializing in mergers-and-acquisitions strategies for mid-market clients, announced today that it has closed its first ambulatory surgery center (ASC) transaction.
The deal, valued at $10.3 million, involved a southeastern regional hospital system and a publicly traded company.
“This transaction confirmed our understanding of the market and how hospital systems interact with surgery centers,” said Mike West, founding partner. “NorthShore is excited about participating in the ambulatory surgery center industry, and we look forward to more deals in this sector”
According to West, the ASC sector is experiencing a marked level of industry consolidation as public companies, private equity-backed national management companies and hospital systems jockey for the lucrative ambulatory surgery center market.
Founded in 2001 in Greeneville, SC, NorthShore Capital Advisors is a Knoxville, Tennessee-based advisory firm serving corporations seeking guidance on a variety of opportunities and challenges relative to buy/sell opportunities, mergers and acquisitions, strategic acquisition development, joint partnerships, debt placement and financial restructuring.
NorthShore’s key industry experience is rooted in business services, healthcare, consumer products, retail, manufacturing, recreation and joint ventures.