PainCare Holdings, Orlando, Fla., said it agreed to pay $15 million in cash and stock to buy the assets of the Center for Pain Management ASC, which owns four ambulatory surgery centers in Maryland. The deal is subject to regulatory approvals. PainCare said it expects the surgery centers to contribute $4.5 million in revenue and $3 million in operating income in 2006. The company announced a deal in December to buy the nonmedical assets owned by the physician practice that manages the centers. PainCare currently owns and operates nine surgery centers in the Southeast and offers practice management and other services to physicians. -- by Vince Galloro
Southeast surgery-center chain to buy centers in Md.
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