Hartford Healthcare has completed its $28 million acquisition of Newington-based Constitution Eye Surgery Center.
The deal, which recently received regulatory approval from the state’s Office of Health Care Access, was finalized last week and turns Hartford Healthcare into a major player in Greater Hartford’s outpatient ambulatory eye surgery industry.
Hartford Hospital officials said the unusual acquisition is part of a strategic plan to create a regional center for excellence in eye-related care.
Hartford Hospital takes over 100 percent ownership of the Constitution Eye Surgery Center, which employs 40 people, in addition to the 30 eye surgeons who currently had equity stakes in the company.
Most, if not all of Constitution’s staff will become Hartford Hospital employees and provide clinical oversight at the facility.
Constitution Surgery Centers will continue to provide some management services, but Hartford Hospital’s quality policies and procedures, as well as its clinical protocols and operation guidelines will be implemented.
Hartford Hospital does about 800 eye-related surgeries a year on its Hartford campus, compared to the 11,000 surgeries performed at the Constitution Eye Surgery Center.
Hartford Hospital officials previously said the hospital would likely have move its ophthalmology-related surgeries to Constitution’s 14,000-square-foot Newington center. That, in turn would free up much needed space at Hartford Hospital’s main campus on Seymour Street.
Read more about the deal here.
