Solaris Health, a partnership formed by New York-based Integrated Medical Professionals (“IMP”) and Cincinnati-based The Urology Group (“TUG”), has joined forces with The Centers for Advanced Urology, LLP (“MidLantic Urology”), the leading urological services provider in the Philadelphia metropolitan area. The addition of MidLantic Urology to the Solaris Health platform positions Solaris as the nation’s leading independent provider of urological and other specialty services in the country. The partnership aligns the skills and talents of over 220 providers who have upwards of 850,000 patient encounters a year at more than 100 sites in New York, Ohio, Pennsylvania, Kentucky, and Indiana.
United Urology Group (UUG) is pleased to announce that the Arizona Institute of Urology (AIU) and the Urological Associates of Southern Arizona (UASA) have become its newest affiliates. AIU and UASA are leading urology practices in the greater Tucson area, serving patients in 10 medical offices and two radiation therapy centers. UUG is a management services organization that supports its member urology group practices, which include Arizona Urology Specialists, Chesapeake Urology Associates, Colorado Urology Associates and Tennessee Urology Associates.
Integrated Oncology Network (ION), a nationwide leader in oncology and healthcare management services, and Southwest Urology, a market-leading urology practice, have announced a strategic partnership creating a new multi-specialty platform throughout the greater Cleveland, Ohio market. ION’s strategic infrastructure resources and multi-specialty management capabilities coupled with Southwest Urology’s service line expertise and in-market relationships align with ION’s multi-specialty development strategy.
Linden Capital Partners (“Linden”), a Chicago-based healthcare private equity firm, announced a majority investment in Specialty Networks, LLC (“Specialty Networks” or the “Company”) alongside current shareholders, including Nautic Partners and management. Founded in 2013 and headquartered in Rocky River, Ohio, Specialty Networks is comprised of UroGPO, a urology-specific Group Purchasing Organization and provider of educational programs for providers, PPS Analytics, a clinical and business intelligence company serving providers and industry partners, Specialty Networks Consulting, and UroMSO.
U.S. Urology Partners, a portfolio company of NMS Capital, announced today its strategic partnership with Associated Medical Professionals of New York, creating one of the nation’s largest independent providers of urological and other specialty services. Terms of the transaction were not disclosed. Associated Medical Professionals is a market-leading, multi-specialty urology practice operating throughout Syracuse, New York, and the surrounding regions. U.S. Urology Partners’ operations include one of the largest urology practices in the Midwest, Central Ohio Urology Group.
Here are 25 statistics about the urology market compiled by GHA, covering practice settings, the provider landscape, demand and services, providers’ challenges, and private equity investments.
Urologists are emerging from the pandemic’s economic rubble with a different perspective on how they’ll run their practices in the months and potentially years to come. Stephen Wills, CMPE, administrator at University Urology in Tennessee, said his practice’s staff of about 45, including 5 urologists, stayed intact through April and into May, while clinic visits and operating room cases took a deep dive. “We’re down about 65% in clinic visits and 75% in the OR,” Wills said in late April. COVID-19 caused a huge revenue drop for urology practices nationwide, according to LUGPA President Richard G. Harris, MD, a urologist at UroPartners in the greater Chicago, Illinois, area. “What I’m hearing is most people are functioning with about 30% to 40% capability,” Harris said.
Private equity firm Lee Equity Partners announced today that New York-based Integrated Medical Professionals (IMP) and Cincinnati-based The Urology Group (TUG) have partnered to form Solaris Health, a management services organization. This unprecedented combination creates one of the nation’s largest independent providers of urological and other specialty services. Terms have not been disclosed. Solaris Health has been established to support growth in IMP and TUG, two industry-leading practices with strong patient satisfaction scores, and to pursue additional partnerships. The partnership aligns the skills and talents of over 150 providers who have upwards of 525,000 patient encounters a year at more than 60 sites in New York, Ohio, Kentucky, and Indiana. The vision for Solaris Health is to build a national platform that attracts leading independent urological partners who are committed to providing quality and value in healthcare. Together, the physicians at Solaris Health can serve as an innovative disruptor in the field of urology at a scale which can transform urology care in America.
While nearly one-third of the nation’s urologists work more than 60 hours per week, one in ten still find the time to clinically volunteer at least one week per year for various philanthropic causes and missions. This new data, as well as further findings regarding the growing number of urologists utilizing telemedicine in the United States as a way to reach individuals in remote or underserved areas of the country, are highlighted in the American Urological Association’s (AUA) newly released 2019 Annual Census report, The State of the Urology Workforce and Practice in the United States.
Georgia Urology, the largest urology practice in the Southeast, is offering Lawrenceville area patients additional options under its well-respected banner. By coming together with NAUA Lawrenceville, Georgia Urology now has a second location in one of Gwinnett County’s larger cities. Georgia Urology’s NAUA Lawrenceville practice features board-certified physicians Dr. Howard Goldberg, Dr. Douglas Nyhoff, and Dr. Jin Yeoh. The team provides state-of-the-art care across the broad spectrum of urology. This includes urologic cancers; enlarged prostate and prostate infections; kidney stones; urinary incontinence; impotence; urinary tract infections; hormone replacement therapy in men; vasectomy; and fertility evaluation in men.
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