Under the agreement, the physician-owners will keep ownership of the actual ASC building and will continue to practice there. The hospital, then, will pay the physicians $26,435 a month in rent. Five of the physician-owners will also be paid $15,000 annually to manage the center, according to the report.
The hospital is also expected to spend $1.2 million in renovations for the center, which will be reimbursed by the ASC through pro-rated rent.
Read the News Press’s report on Stillwater Surgery Center.
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