Physicians Endoscopy Acquires Minority Interest in Illinois ASC

Physicians Endoscopy has acquired a minority interest in the Digestive Disease Endoscopy Center in Normal, Ill., according to a release.

Advertisement

DDEC is a joint venture partnership between five physicians, BroMenn Physicians Management Corporation and Physicians Endoscopy, which will provide management services to the facility. DDEC is a single-specialty ambulatory surgery center focusing on gastrointestinal disorders. The center performs nearly 4,000 procedures annually.

The three-room, 6,000-square-foot center is located on the Advocate BroMenn Healthcare Campus and connected to the medical center via a skywalk. The center includes four board-certified gastroenterologists: Kenneth Schoenig, MD, medical director; Thomas DeWeert, MD; Philip Koszyk, MD; and Vijay Misra, MD; and one board-certified colorectal surgeon, Darryl Fernandes, MD.

“Over the past year, we’ve contemplated adding a corporate partner to our business. Our partnership with Physicians Endoscopy provides the ideal business structure. PE has the knowledge and expertise that our center needs to run a seamless operation and take us to the next level. We look forward to a long, successful relationship,” said Dr. Schoenig.

Learn more about Physicians Endoscopy.

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.

Advertisement

Next Up in ASC Transactions & Valuation Issues

Advertisement

Comments are closed.