Five joint venture ASC updates:
1. Raleigh, N.C.-based Compass Surgical Partners secured a minority investment by Health Velocity Capital, a private equity firm that focuses on healthcare services and software businesses.
The partnership aims to drive Compass’ growth into new markets and benefit its joint-venture ASCs as the healthcare industry continues its shift away from hospitals toward the outpatient setting, the company said.
2. Dulles, Va.-based StoneSprings Hospital Center opened a $6.8 million, 18,630-square-foot orthopedic ASC in Sterling, Va. The ASC, Stone Springs Ambulatory Surgery Center, is a joint venture with 16 physician partners.
3. Nashville, Tenn.-based HCA Healthcare and Portsmouth, N.H.-based Atlantic Orthopaedics and Sports Medicine opened a joint venture ASC in Portsmouth. Eight physician partners at Atlantic Orthopaedics have partial ownership in the ASC, which is affiliated with Portsmouth Regional Hospital.
4. Phoenix-based OrthoArizona cut the ribbon on its Pima Center in Scottsdale, Ariz. The practice partnered with Phoenix-based HonorHealth and Mission Viejo, Calif.-based Sovereign Healthcare to build the 50,000-square-foot, two-story building that includes an ASC.
5. Washington, D.C., Mayor Muriel Bowser, Universal Health Services, George Washington University and Children’s National Hospital broke ground on a medical center with an ambulatory pavilion.
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.