HealthEast to acquire minority interest in Summit Orthopedics’ ASC: 4 key points

St. Paul, Minn.-based HealthEast and Minnesota-based Summit Orthopedics formed a deal that gives HealthEast a minority interest in Summit’s Vadnais Heights (Minn.) Surgery Center.

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Here are four key points:

1. The surgery center has The Joint Commission’s Gold Seal of Approval for Advanced Certification for Total Hip and Total Knee Replacement.

2. The deal is part of Summit and HealthEast’s outpatient and inpatient agreement in which Summit will be HealthEast’s exclusive orthopedic care partner.

3. As per the agreement’s terms, Summit Orthopedics will work with HealthEast’s inpatient hospitals to offer orthopedic care and will offer innovative ways to bolster orthopedic patients’ care experience.

4. HealthEast physicians will refer patients to Summit, as well.

“We’ve always had a deep respect for the compassionate and quality patient care that HealthEast offers,” said Adam Berry, CEO of Summit. “This agreement presents Summit with a wonderful opportunity to work in tandem with HealthEast to bring to market a healthcare model that doesn’t currently exist in the Twin Cities and to have a tremendous and positive impact on patient care.”

More articles on surgery centers:
7 ASCs opened or announced in May 2017
Illinois ASC to begin construction this summer: 3 quick facts
Surgical Care Affiliates partners with Connecticut ASC; Envision Healthcare Q1 adjusted EBITDA hits $282.6M & more: 4 ASC company key notes

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.

Register to Attend Webinar

Is ambulatory care healthcare’s big margin engine? 5 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

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