Summit Health Adds Westmed Medical Group and New Jersey Urology, Expanding Access to Its Unique Connected Care Model

Summit Health, formed by the merger of CityMD and Summit Medical Group in 2019, announced today two major partnerships with Westmed Medical Group (“Westmed”), a multispecialty medical practice with locations in Westchester County, NY and Fairfield County, CT, and New Jersey Urology (“NJU”), one of the leading urology practices in the United States. Westmed Medical Group is an award-winning multispecialty medical practice, staffed by a team of nearly 500 top physicians and advanced care providers, and 1,500 clinical employees dedicated to providing patients with comprehensive, lifelong care. New Jersey Urology is a premier urology practice in the United States. NJU provides complete urologic care and comprehensive individualized treatment at more than 60 locations, including six state-of-the-art Cancer Treatment Centers.

Urology America Acquires Urology Associates of Denver

Urology America (“UA”) is pleased to announce a new partnership with Urology Associates of Denver (“UA of Denver”). Urology Associates of Denver has served patients for more than 30 years and is one of Colorado’s leading urology practices with seven urologists and two radiation oncologists across five locations in the Denver area. The group offers comprehensive urology services, including male and female urology, urologic oncology, robotic and laparoscopic surgery, and male infertility across the greater Denver area. Urology America, based in Austin, Texas, is one of the leading urology-focused management service organizations. Urology America supports more than 55 providers in Texas and Colorado.

Urology Partners of America Announces a Partnership with West Coast Urology

Urology Partners of America (“UPA”), a Triton Pacific Capital Partners (“Triton Pacific”) portfolio company, is pleased to announce a partnership with West Coast Urology (“West Coast”), which joins the platform as the third major division in UPA. West Coast has five physicians and four advanced practice providers, with offices in Downey, Inglewood, Los Alamitos, and Whittier. With the West Coast transaction, UPA now has 73 providers consisting of 49 physicians and 24 advanced practice providers operating out of 21 locations in the greater San Diego and Los Angeles areas. UPA has a deep pipeline and expects to grow the platform to 200+ physicians within the next few years.

Anne Arundel Urology Joins Solaris Health, Nation’s Largest Urological Services Provider

Solaris Health Holdings announced that Anne Arundel Urology, established and founded in Annapolis, MD, and providing urologic care to patients in Maryland’s Anne Arundel County, Prince George’s County and the surrounding area, has joined Solaris as an affiliate practice. Anne Arundel Urology becomes the sixth urology practice in 2021 to join Solaris. The addition of Anne Arundel Urology means that Solaris aligns the skills and talents of 28 providers who care for over 44,000 unique patients each year at five sites in Maryland.

Colorado Springs Urological Associates (CSUA) Signed Definitive Agreement with Solaris Health to Join the Nation’s Largest Urological Services Provider

Solaris Health Holdings announced today that Colorado Springs Urological Associates (CSUA), serving Colorado Springs, CO, and the surrounding area, has entered into a definitive agreement to join as an affiliate practice. The agreement with CSUA extends the reach of the national Solaris platform to the Mountain West. CSUA will become the fifth urology practice this year to join Solaris. CSUA is a union of two patient-centric, top-rated urological practices, tracing its roots back 50 years. Upon closing, the addition of CSUA means that Solaris now aligns the skills and talents of 345 providers who care for over 530,000 unique patients each year at more than 135 sites in New York, Ohio, Pennsylvania, Kentucky, Indiana, Illinois, Michigan, and Colorado.

Urologic Practice Consolidation by Private Equity Firms

In recent years, private equity firms have acquired many urology practices. Although this is common in other specialties, there is little known about these acquisitions in the field of urology. A recent Urology Practice study, led by Michael S. Leapman, MD, sought to investigate the trends in sudden and significant private equity acquisitions among urology practices between 2011 and 2021. Leapman is an assistant professor of urology at the Yale School of Medicine, New Haven, Connecticut.

Michigan Institute of Urology (MIU) Joins Solaris Health, Nation’s Largest Urological Services Provider

Solaris Health Holdings announced today that Michigan Institute of Urology (MIU), serving southeastern Michigan, has joined as an affiliate practice. MIU becomes the third Midwestern urology practice this year to join Solaris. Chicago-based Associated Urological Specialists (AUS) teamed with Solaris in March. Advanced Urology Associates (AUA), Joliet, IL, signed on in October. The newest Solaris affiliate, MIU, is the most advanced private urology practice in Michigan with 60 providers delivering state-of-the-art care in 19 locations. The addition of MIU means that Solaris now aligns the skills and talents of over 330 providers who care for nearly 500,000 unique patients each year at more than 134 sites in New York, Ohio, Pennsylvania, Kentucky, Indiana, Illinois and Michigan.

Private Equity Investment in Urology

As many physician specialties begin to mature (e.g., gastroenterology, dermatology and ophthalmology), funds have started to flow into the urology space from private equity (“PE”) firms still eyeing platform acquisitions. “Competition for quality assets in this segment is still pretty light. There are a number of independent urology groups of scale with good management teams and back-office infrastructure,” stated Jeanne Proia of Cross Keys Capital in an interview with Mergermarket. Growth prospects for urology practices are also particularly strong due to increases in life expectancy that have led to increases in demand for urologic services.

Advanced Urology Associates (AUA) Joins Solaris Health, Nation’s Largest Urological Services Provider

Solaris Health Holdings announced Wednesday that Advanced Urology Associates (AUA), Joliet, IL, has joined as an affiliate practice. AUA becomes the second Illinois urology practice this year to join Solaris. Chicago-based Associated Urological Specialists (AUS) teamed with Solaris in March 2021. The newest Solaris affiliate, AUA, has been providing urologic services for more than 40 years throughout Illinois, delivering the highest level of comprehensive diagnosis and care for urologic disorders and diseases. The addition of AUA means that Solaris now aligns the skills and talents of 279 providers who care for upwards of 380,000 unique patients each year at more than 115 sites in New York, Ohio, Pennsylvania, Kentucky, Indiana, and Illinois.

Urology Partners of America Announces a Partnership with Physicians Formerly Affiliated with the Skyline Urology Group

Urology Partners of America (“UPA”), a Triton Pacific Capital Partners (“Triton Pacific”) portfolio company, is pleased to announce a partnership with certain physicians formerly affiliated with the Skyline Urology group. The former Skyline partners join the platform as the newly formed Greater Los Angeles Division (“GLA”) , the second major division in UPA. The 10 physicians and six advanced practice providers in GLA join the Genesis Division’s 34 physicians and 14 advanced practice providers under the Genesis PC. UPA was founded in April 2021 with the acquisition of Genesis MSO. With the GLA transaction, UPA now has 64 providers operating out of 20 locations in the greater San Diego and Los Angeles areas.