Vision Innovation Partners, a leading eye care platform, today announced that it has acquired Ophthalmic Associates, a provider of integrated eye care services with five locations in Western Pennsylvania. The acquisition enhances Vision Innovation Partners’ significant presence in Pennsylvania and further strengthens its growing network of ophthalmology practices and ambulatory surgery centers in the Mid-Atlantic region. “Ophthalmic Associates’ longstanding reputation, accomplished team members and commitment to high quality clinical care makes them a perfect partner for our growing platform,” said Vision Innovation Partners Chief Executive Officer Michael Dunn.
PartnerCare, a portfolio company of private equity firm Shore Capital Partners, announced its affiliation with MidSouth Pain Treatment Center (MidSouth Pain). Dr. Michael E. Steuer founded MidSouth Pain in 2000 in Southaven, Mississippi. MidSouth Pain operates five clinics and three ambulatory surgery centers in Western Tennessee and Northern Mississippi, with two board-certified physicians, 13 mid-level providers, and over 100 highly trained supporting team members. MidSouth Pain serves over 3,000 patients per month across its broad footprint, helping them deal with chronic pain and have better lives.
ASCs have faced multiple challenges since the pandemic began in March 2020, from limited elective procedures and temporary center closures to staff furloughs and high personal protective equipment costs. Physician owners and operators are looking ahead to future growth and see that a few big threats to independence remain, based on conversations with more than 25 surgery center leaders in the last 60 days.
Conducting common surgical procedures in ambulatory surgical centers can lead to significant savings for patients and payers, according to a new analysis from UnitedHealth Group researchers. The report finds that shifting outpatient procedures for non-complex, commercially insured people could reduce spending on these services by 59%. The average price for these procedures in the hospital was 144% higher than the price in ASCs, according to the report. Common outpatient procedures in the hospital cost $7,716 on average compared to $3,157 on average in ASCs. That’s a gap of $4,559, the report found.
ASCs are known as the high quality, low cost setting for surgical care, and CMS has taken notice. The agency, along with commercial payers, have made some moves to direct more surgeries to ASCs, but have also developed new policies making it more difficult to perform certain procedures there. At the Becker’s Orthopedic, Spine + ASC Virtual Event Aug. 12, a panel discussed the payer landscape and what to expect in the future.
The delivery of orthopedic care and sports medicine in Greater Cincinnati is being transformed through a pioneering joint venture between two of the region’s leading healthcare providers – Beacon Orthopaedics & Sports Medicine and TriHealth. TriHealth and Beacon will combine their existing orthopedic ambulatory surgery centers to create the region’s most comprehensive and accessible network of such outpatient facilities, including the Summit Woods Surgery Center, Beacon West Surgery Center and the TriHealth Hand Surgery Center.
Five leaders in gastroenterology spoke with Becker’s ASC Review on what they see as the biggest opportunity for growth in ASCs.
Eye Health America (EHA), a leading eyecare provider, announced Thursday the acquisition of Eye Centers of Florida, the company’s eighth acquistion of 2021. Based in Ft. Myers, FL., Eye Centers of Florida (ECOF) is a highly-regarded ophthalmology practice that serves residents in the Ft. Myers-Naples market. COF has grown to an eleven location practice spanning from Port Charlotte, FL down to South Naples including a two-room ASC. It is serviced by a total of thirteen providers across all eye care specialties (cataract, retina, medical ophthalmology, optometry, optical, hearing and medical aesthetics).
Pinnacle Dermatology, a leader in population skin health management, has acquired Dermatology Associates and Skin Surgery Center including 8 locations in Beckley, Hurricane, Martinsburg, Princeton, Logan, Williamson and Charleston, WV and Hagerstown, MD. This acquisition along with the acquisition of 5 other locations in Virginia in late 2020, has secured Pinnacle Dermatology a strong presence in the greater DC area to be able to further its mission and commitment to population skin health management and providing residents of Virginia, West Virginia and Maryland with access to comprehensive, patient-centered dermatologic care.
Vision Innovation Partners announced Wednesday that it has acquired Northeastern Eye Institute, the largest and most comprehensive eye care center in Northeastern Pennsylvania, complete with 15 locations and one ambulatory surgery center. The acquisition further strengthens Vision Innovation Partners’ presence throughout Pennsylvania and expands its growing network of ophthalmology practices and ambulatory surgery centers in the Mid-Atlantic region.
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