SFS completes $5.7M financing for new outpatient surgery center

Siemens Financial Services, Inc. (SFS Inc.), the U.S. unit of Siemens' Financial Services division, recently completed a $5.7 million financing to support the development of a new outpatient surgery center, doing business as the Surgery Center of Anchorage located in Anchorage, Alaska. The financing was used to acquire equipment and make facility improvements. The new facility is owned and operated by Regent Surgical Health and 18 area physicians who represent 7 specialties.

"Within the healthcare community, outpatient surgery is often viewed as a more effective option for certain types of procedures, for both patients and doctors," said Kirk Edelman, president and chief executive officer, SFS Inc. "This approach is a clear example of how the cost and delivery of healthcare can be improved, and we are glad that we can provide the necessary capital to fund projects like these."  

"We have an exceptional understanding of the outpatient surgery business model. Many of the leading developers and operators in this market segment appreciate this and seek to work with us on their projects, both as a financier and a value added collaborator," said Ted Drake, senior vice president and general manager of healthcare finance. "We are very pleased that we were able to work with Regent Surgical Health and their physician partners on this project and help them successfully open this new outpatient surgery center."  

"Regent has worked successfully with members of the Siemens team on a number of debt financings over the past five years," said Michael Karnes, chief financial officer, Regent Surgical Health. "Their ability to underwrite both De Novo and turnaround situations, to assess the potential for a variety of facilities and to craft creative financing structures makes them good colleagues with whom to do business."