Five things to know:
1. Northwest ENT and Allergy Center partnered with Shore Capital Partners to launch Southern Ear, Nose, Throat and Allergy Partners. Northwest ENT will continue operating under its brand, and the partnership will pursue affiliations with independent physicians in the Southeastern region of the country.
2. Shore will invest in infrastructure to standardize operations. It will also provide financing, accounting, compliance, marketing, human resources and IT services to the practice.
3. Northwest ENT aims to accelerate organic growth and open new locations, hire additional providers and expand its business support services as a result of the partnership.
4. This is the eighth platform investment Shore Capital Partners Fund II has made since April 2017. Shore currently has around $1 billion of equity capital under management through its investment funds.
5. There were more than 700 private equity deals in healthcare last year, according to Forbes, totaling around $88.87 billion. The largest deal of 2018 was KKR’s acquisition of Envision Healthcare, which includes ASC company AmSurg, for $9.9 billion.
https://www.beckershospitalreview.com/finance/10-biggest-private-equity-healthcare-deals-of-2018.html
More articles on surgery centers:
4 new joint venture ASCs – April 2019
Surgery Partners reports $417M in revenue & more – 10 ASC industry notes
How ASC Medicare payments have grown in the last 5 years
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.