Newport Multi-Specialty Surgery Center Sold to a Regional Healthcare Organization

ASCs Inc. is pleased to announce the sale of Newport Beach Multi-Specialty Surgery to a regional surgery center management company that is focused on expanding its platform throughout Southern California. The multi-specialty ASC, with three full operating rooms, is located in a prime location in Newport Beach and has been operational for 20 years. The founding partner, who was nearing retirement, was looking for a group that would help him transition the center and provide a platform for growth.

Penn State Health Becomes Part Owner in Surgery Center of Lancaster

Penn State Health has become a part owner in the Surgery Center of Lancaster. The move represents the first project of a joint venture involving the health system and ValueHealth, which announced plans in late 2020 to develop a high-performance surgical network. The new ownership group, including 17 surgeons who will maintain ownership stake, aims to accelerate the growth of the center’s service offerings and further expand access to value-based surgical care in the region. Also, patients in Lancaster County will have access to Penn State Health surgeons at the Surgery Center of Lancaster without having to leave the county.

Northwest Arkansas Gastroenterologists Join GI Alliance

GI Alliance, the nation’s largest independent gastroenterology services organization and largest independent provider of GI care in Arkansas, announced a new partnership with an exceptional group of Northwest Arkansas gastroenterologists. This collaboration expands GI Alliance’s Arkansas footprint to the Fayetteville, Bentonville, and Rogers regions. The new group of providers have assumed the name GI Alliance of Arkansas and, coupled with GI Alliance’s GastroArkansas practices in Little Rock, Bryant, and Conway will become Arkansas’s largest GI physician network. Formerly affiliated with the multi-specialty practice, Medical Associates of Northwest Arkansas (MANA), the group of Northwest Arkansas providers includes six board-certified gastroenterologists and three advanced practice providers and has been leading the region in GI care for over 20 years.

California Health System Acquires Majority Stake in Physician-Owned ASC

Sharp HealthCare has acquired a majority interest in the physician-owned Coast Surgery Center in San Diego, Calif., San Diego Metro reported Jan. 17. Coast Surgery Center has been performing total joint procedures since 2012. Later this year, the ASC will relocate to a building adjacent to Sharp HealthCare’s Copley Lab in San Diego.

Novum Orthopedic Partners Forms Leading Private Equity-Backed Orthopedic Platform in Texas

Novum Orthopedic Partners, a national leader in orthopedics and spine practice management, launched a new orthopedic practice management platform in Texas, through the completion of strategic investments in Arlington Orthopedic Associates (AOA), Abilene Sports Medicine & Orthopedics (ASMO), and Waxahachie Orthopedic and Sports Medicine on December 29, 2021. In conjunction with the transactions, Novum also invested in two leading surgical facilities, including the Abilene Center of Orthopedics and Multispecialty and Baylor Scott & White Orthopedic and Spine Hospital at Arlington. Novum is backed by A&M Capital Partners (AMCP), a middle-market private equity firm with total assets under management of more than $2.7 billion and Alvarez & Marsal Capital, a multi-strategy private equity investment firm with over $3.7 billion in assets under management.

Spark Dental Management Announces Acquisition of Children’s Dental Management

Spark Dental Management, backed by Rock Mountain Capital, today announced that it has acquired Children’s Dental Management (CDM) and its 35 locations in three states. The acquisition includes CDM’s five AAAHC-accredited dental surgery centers, a unique and critical component in solving access to care. In the fourth quarter of 2021 Spark closed on five other acquisitions including Cumberland Pediatric Dentistry and Orthodontics of Tennessee, Orthodontic Care of Georgia (OCG), Werner Orthodontics of Indiana, Ghosh Orthodontics of Pennsylvania, and Tri-Cities Orthodontics of Virginia and Tennessee.

Eye Health America Enters Georgia with a Leading Group, Southeast Retina Center, Based in Augusta, Georgia

Southeast Retina Center (SERC), led by Dennis Marcus, MD, welcomed the New Year last week by joining Eye Health America (EHA) on December 31st, 2021. Dr. Marcus, with 27 years of experience, is well-respected and recognized as a key opinion leader by both his peers and industry. SERC is one of the go-to retina providers in Augusta GA-Aiken, SC and throughout southeastern GA with a strong culture of outstanding patient care, cutting-edge innovation, and clinical/surgical research. SERC has a well-trained team which functions as a strong center for retina referrals treated by Dr. Marcus, Dr. Kunyong Xu, and Dr. Diego Espinosa along with a robust research department. This partnership includes an ASC and eleven locations that span southeastern Georgia.

USPI Plans to Have More than 600 ASCs by 2025

Dallas-based United Surgical Partners International, a Tenet Healthcare company, aims to add more than 160 ASCs to its portfolio in the next three years. USPI is already the largest ASC chain, beginning 2022 with 438 surgery centers. During the J.P. Morgan Healthcare Conference Jan. 11, Saum Sutaria, Tenet CEO, said the company plans to have more than 600 ASCs by the end of 2025.

Trias Global and Chicago Pacific Founders Create Strategic Growth Partnership to Expand DISC Sports & Spine Center Model

Trias Global, a musculoskeletal management company, and Chicago Pacific Founders (“CPF”), an investment advisor that manages private strategic healthcare investment funds, have entered into a partnership that will expand on the innovative outpatient model behind DISC Sports & Spine Center (“DISC”), a premier provider of minimally invasive spine care. As a result of the recently signed deal, Trias Global becomes the parent company to DISC’s ambulatory surgery center, DISC Surgery Center at Newport Beach, and will serve as the expansion vehicle. DISC Sports & Spine Center is California’s premier provider of spine care, orthopedics, pain management and sports medicine.

Surgery Partners Spent $185M on 3 End-of-Year Deals

Surgery Partners made three big acquisitions during the last two weeks of December, the company reported Jan. 10. The Nashville-based healthcare services company spent about $185 million on the acquisitions, although it did not disclose what it bought. Overall, the company spent $325 million on acquisitions last year.