Advocate Condell ASC files for $3.23M fundraising: 4 key points

Advocate Condell Ambulatory Surgery Center in Libertyville, Ill., published form D for equity financing, according to an OCTA Finance report.

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Here are four key notes:

 

1. The ASC is expected to finance itself with $3.23 million in fundraising.

 

2. The fundraising is not yet closed.

 

3. Planning began for the ASC earlier this year and it is expected to open in the fourth quarter of 2015 or first quarter of 2016.

 

4. The ASC will be a multispecialty center.

 

More articles on surgery centers:
SCA, Advanced Surgical Hospital form joint venture: 4 things to know
5 key concepts for ASC M&A deals
AmSurg’s $7.8B offer on TeamHealth not enough: 5 key notes

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