On November 20, Merritt Healthcare Advisors, a provider of M&A consultative services for healthcare organizations nationwide, announced that Virtua Health was acquiring Christiana Spine Ambulatory Surgical Center (CSASC).
CSASC is an ambulatory surgery center (ASC) in Newark, Delaware. The ASC specializes in spine surgery, diagnostics treatments, minimally invasive spine surgery and non-surgical treatments.
Virtua Medical Group is an academic health system that provides a full spectrum of health care services. In addition to joint ventures with 42 ambulatory surgery centers in New Jersey, Pennsylvania and Delaware, Virtua operates five hospitals in Southern New Jersey and has 3,000 affiliated physicians and clinicians. Specialties include cardiovascular and gastrointestinal health, orthopedics, advanced surgery and maternity services.
CSASC’s legal counsel in the transaction was Cozen O’Connor, which played an integral role alongside Merritt Healthcare Advisors in structuring this transaction. Financial terms of the deal were not disclosed.
“Merritt Healthcare Advisors is pleased to announce this partnership between Christiana Spine Ambulatory Surgical Center and Virtua Health to better serve the patients of Delaware and surrounding communities,” said Rich Searles, Managing Director & Partner of Merritt Healthcare Advisors. “The physician leadership at Christiana Spine ASC have built not only a spectacular center, but one that is well-positioned to provide high-quality care to patients for many years to come through its new partnership.”
According to LevinPro HC data, this transaction represents the 31st ASC transaction of 2024. It is also Virtua Health’s first acquisition of the year. In April 2023, Virtua Health acquired Reconstructive Orthopedics for an undisclosed price.
