• Corporate Finance Transactions

BGL Advises Skyline Surgery Center in its Sale to Bingham Memorial Hospital

June 10 2013

Brown Gibbons Lang & Company (BGL) announced today the sale of Skyline Surgery Center (Skyline) to Bingham Memorial Hospital (Bingham).  BGL acted as exclusive financial advisor to Skyline.

Skyline Surgery Center is a certified ambulatory surgical facility located in Pocatello, Idaho.  Established in 2008, physician-owned Skyline handles outpatient surgeries from its 2,300 square foot facility which houses three operating rooms, one procedure room, six recovery rooms, and seven beds for pre- and post-operative care.  Dr. Ryan Hope, M.D., is one of three physician shareholders and serves as board president of the outpatient surgical facility.

Located in Blackfoot, Idaho, Bingham Memorial Hospital is a 95-bed Critical Access Hospital.  Bingham began operations in 1950 as a community hospital and has grown through multiple expansions, including the construction of skilled nursing facility Bingham Skilled Nursing and Rehabilitation Center in 1964 and the recapitalization of Idaho Doctor's Hospital.  Bingham operates as a tax-exempt, non-profit 501(c)(3) corporation and employs approximately 500 people. Following the transaction, the operations of Skyline were consolidated into those of Idaho Doctor's Hospital.

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Related industry: Healthcare & Life Sciences
Related service: Mergers & Acquisitions

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