Physicians Endoscopy Acquires Majority Ownership In ASC -- Newtown, PA
DOYLESTOWN, Pa., Jan. 24, 2013 /PRNewswire/ -- Physicians Endoscopy, LLC (PE), along with the physicians of Bucks County Gastroenterology, PC, and Clinical Gastrointestinal Associates, PC, are pleased to report that as of December 31, 2012, PE has acquired a majority share of the Endoscopy Center of Bucks County (ECBC). Located in Newtown, PA, this center is the closest in proximity to PE's corporate office and is the 6 th acquisition for PE in 2012. This three-procedure room, eight-physician center opened in 2006, and is expected to perform over 7,000 procedures annually.
"We are very excited about our decision to add PE as a corporate partner. Throughout our discussions, they were a pleasure to deal with and made great efforts to accommodate all of our needs. With their expertise, we are confident we will be able to take our center to the next level of excellence. We look forward to a long and successful relationship," states David Popper MD, Medical Director, ECBC.
"PE was initially contacted by the physicians in November 2012. They wanted to quickly close the transaction before the end of the year to benefit from the capital gains tax. It was an extraordinary effort by all parties to navigate through the due diligence and legal process in a matter of 60 days. Fortunately, the center's administrative and physician teams were extremely organized and committed to keeping to our tightly structured transaction timeline. It was evident from the outset this would be a great partnership," said Carol Stopa, VP, New Business Development, Physicians Endoscopy.
Physicians Endoscopy is a nationally recognized development and management partner for single-specialty EASCs. The company currently operates 27 partnered facilities in 13 states and will open several additional facilities in the next twelve months. For more information, please visit www.endocenters.com
Media Contact: Carol StopaPhysicians Endoscopy (215) 589-9018 SOURCE Physicians Endoscopy
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
