Restructuring Will Position POSC for Even Greater
Opportunities
Pend Oreille Surgery Center, LLC has successfully
completed a year-long reorganization. The reorganization was the result of collaborative
efforts of POSC board members and management, accountants, attorneys and
banking professionals.
POSC has provided high-quality, cost-effective outpatient
surgical care to residents of Bonner County and surrounding areas since opening
in 2009. Changes in the way health care is provided and reimbursed led POSC to
consider what needed to be done in
order to survive and thrive in a changing health care environment.
The reorganization involved splitting POSC into two
distinct entities. POSC, LLC will continue to provide quality, cost-effective
outpatient surgical care. The center remains owned by local physicians who care
for their patients at the center as well as the local hospital.
A new entity, POSC Holdings, LLC, now owns the building
and land. Separating the real estate from the operations provides an
opportunity for investors to become involved in a business that, prior to reorganization,
could only involve physicians who intended to use the facility. Successfully
executing these changes has positioned POSC for growth and success in an
uncertain health care environment.
POSC would like to thank the following businesses for
their assistance throughout the process:
·
Washington Trust Bank in Sandpoint (Allen McClelland)
·
Berg & McLaughlin Attorneys in Sandpoint (Bill Berg)
·
Christoffersen Accountancy in Salt Lake City (Mel Christoffersen)
·
Sandpoint Title Insurance in Sandpoint (Tom Williams)
The reorganization wouldn’t have been successful without
their confidence in the center and commitment to POSC’s success.
Please contact Kris Sabo at the contacts below for more
information.
Work: 208 265-8194
Email: kris@poscllc.com
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