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PainCare Holdings to sell stake in ASCs

Ambulatory Surgery Reimbursement Update, October 24, 2006

PainCare Holdings Inc., an Orlando-based operator of ambulatory surgery centers (ASCs), announced last week that it will sell its stake in six ASCs, according to a story in the Orlando Sentinel.

The sale is intended to reduce about $37.5 million in debt and allow PainCare to pursue other business ventures, according to the story.

Of the six ASCs, two are located in Florida and four are in Baltimore.

Click here to read the Orlando Sentinel story.

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