A new $9.3 million surgery center in Haywood County is being financed with equity put up by 20 doctors in the community who invested capital in exchange for a real estate interest in the project.
The hospital will lease the space, outfit it with equipment and manage its operation, but won’t pay for any of the construction costs.
MedWest CEO Mike Poore said the hospital could have afforded to build the surgery center on its own if it had to, but prefers the business structure.
“We could have taken on the debt, but what’s more important is it has our physicians invested even more in the health care of our community,” Poore said.
Poore said the hospital-physician partnership makes the outpatient surgery center all the more unique.
The business arrangement marries the hospital and physician community. Now more than ever, their success is contingent on the other. ...
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