Two ambulatory surgery centers in Buffalo, NY, are planning minor ownership changes, pending state approval.
First, Buffalo Surgery Center in Amherst is transferring 24% ownership interest from existing members to six new members, who are all orthopedic surgeons: Dr. Adam Burzynski; Dr. Peter Gambacorta; Dr. Matthew Mann; Dr. David Miller; Dr. Michael Ostempowski; and Dr. Matthew Zinno, pwer The Buffalo News.
Each of those new members will purchase a 4% ownership interest for $205,000. Upon approval, 25 members will each own 4% of Buffalo Surgery Center. Based on that, the deal indicates the value of the business is at least $5.13 million.
Second, WNY Medical Management is looking to transfer a 16.67% membership interest from Dr. Pratiba Bansal to a proposed new member: Dr. Nitin Bansal. The purchase price for the 16.67% ownership interest is $100,000. Upon approval, Dr. Pratiba Bansal will own the remaining 83.33% of WNY Medical Management.
