Business
First Choice Healthcare Solutions’ Wholly-Owned Subsidiary Acquires Majority Ownership Interest in Crane Creek Surgery Center
First Choice Healthcare Solutions’ Wholly-Owned Subsidiary Acquires Majority Ownership Interest in Crane Creek Surgery Center.
About this update from First Choice Healthcare Solutions, Inc.
[{"type":"text","content":"\n\n Management to Host Shareholder Update Conference Call to Discuss Crane Creek and Strategic Partnership in Further Detail on Thursday, February 8th at 11:00 a.m. ET\n MELBOURNE, Fla., Feb. 08, 2018 (GLOBE NEWSWIRE) -- First Choice Healthcare Solutions, Inc. (OTCQB:FCHS) (\"First Choice\" or the \"Company\"), 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, today announced that one of its wholly-owned subsidiaries, CCSC Holdings, Inc. (“CCSC Holdings”), has acquired an additional 25% ownership interest in Crane Creek Surgery Center (“Crane Creek”), bringing its total ownership interest to 65%. Additionally, CCSC Holdings has assumed management responsibility of Crane Creek and terminated the previous agreement with NueHealth. Management will host a shareholder update conference call to discuss this acquisition as well as the Company’s previously announced strategic partnership with Steward Health Care on Thursday, February 8th at 11 a.m. ET. Crane Creek 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. Chris Romandetti, President and CEO of First Choice, stated, \"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. 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.̶...