First Choice Healthcare Solutions’ Wholly-Owned Subsidiary Acquires Majority Ownership Interest in Crane Creek Surgery Center
By Space Coast Daily // February 21, 2018
administers over 100,000 patient visits each year
BREVARD COUNTY • MELBOURNE, FLORIDA – First Choice Healthcare Solutions’ wholly-owned subsidiary, CCSC Holdings, Inc., has acquired an additional 25 percent ownership interest in Crane Creek Surgery Center, bringing its total ownership interest to 65 percent.
Additionally, CCSC Holdings has assumed management responsibility of Crane Creek and terminated the previous agreement with NueHealth.
The Melbourne, Florida based First Choice Healthcare Solutions is a fully integrated, non-physician-owned, publicly traded healthcare delivery platform providing a full life cycle of care for patients through diagnosis, treatment and recovery.
The Crane Creek Surgery Center, located at 2222 S Harbor City Boulevard in Melbourne, Florida, is a state-of-the-art, 18,828 square foot, AAAHC accredited ambulatory, surgical center, delivering surgical care in a convenient, comfortable outpatient environment.
The facility houses four operating rooms and a medical procedure room with capacity to host 4,000 to 5,000 orthopaedic, spine, pain and general surgical procedures each year. After procedures, patients can rest and recover in a post-anesthesia care unit until they are ready to be discharged.
“With the acquisition of the additional ownership that has now given us majority ownership of Crane Creek, we are focused on immediately implementing our unique delivery platform,” said Chris Romandetti, President and CEO of First Choice.
“We are pleased to announce that we have appointed Luis Allende Ruiz as Crane Creek Administer to lead the operations. Luis has extensive academic and Health Care Administration experience. He has held senior level management roles including Chief Executive Officer at various hospitals for nearly a decade and has his Master’s in Healthcare Administration. With majority ownership and trusted senior management in place, we are now in a position to implement our platform and realize the full potential of this surgical center.”
Management hosted a shareholder update conference call that discussed this acquisition as well as the Company’s previously announced strategic partnership with Steward Health Care on February 8.
“It is my honor to join Crane Creek and lead the implementation of First Choice’s delivery platform that will enable the facility to capture its full market opportunity,” said Allende Ruiz.
“Given my extensive career in administration and senior level management positions at various hospitals, I was immediately interested and motivated to join the team once I learned more fully how the First Choice model is revolutionizing the delivery of healthcare in the industry. It is my belief that this delivery platform will be the future of the industry and I am excited to be at the forefront with the First Choice team.”
First Choice Healthcare Solutions is implementing a defined growth strategy aimed at expanding its network of non-physician-owned medical centers of excellence, which concentrate on treating patients in the following specialties: Orthopaedics, Spine Surgery, Interventional Pain Management, Physical Therapy and other ancillary and diagnostic services in key expansion markets throughout the Southeastern U.S. Serving Florida’s Space Coast, the Company’s flagship integrated platform currently administers over 100,000 patient visits each year and is comprised of First Choice Medical Group, The B.A.C.K. Center and Crane Creek Surgery Center.
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