New York firm buys ASC operator: 4 things to know

New York private equity firm Cortec Group’s Eyeconic Vision Partners, its portfolio company, purchased Phoenix-based Swagel-Wootton Hiatt Eye Center, according to PE Hub Network.

Advertisement

Here are four things to know:

1. SWH operates one ophthalmology ASC in addition to two clinics.

2. SWH’s providers specialize in refractive cataract surgery and other advanced surgical methods.

3. The deal marks EVP’s first purchase since it finalized a recapitalization with Cortec Fund VI in December 2016.

4. EVP  operates six ASCs and 13 clinics.

More articles on surgery centers:
OrthoIllinois’ Dr. Michael Chmell: 2 key thoughts on the ASC’s ownership structure, TJR program
Iowa ophthalmologist receives CON for ASC on 5th try: 5 things to know
ASC leader to know: Robert Westergard of ASCOA

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? 4 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

Advertisement

Next Up in ASC Transactions & Valuation Issues

Advertisement

Comments are closed.