USPI to buy stake in 9 ASCs

Dallas-based United Surgical Partners International has entered into a definitive agreement to acquire Compass Surgical Partners’ ownership and management interests in nine ASCs.

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Once the transaction closes, USPI will have acquired about 20 percent ownership interest in the surgery centers, as well as management responsibilities of the facilities, the company said in an Oct. 11 news release. USPI will manage and jointly own the ASCs through partnerships with about 125 physicians as well as some local health systems.

The acquisitions include ASCs in Florida, North Carolina and Texas. About 60 percent of the case mix relates to musculoskeletal procedures, with the rest coming from ophthalmology and ear, nose and throat.

The deal is expected to close in the fourth quarter.

Financial terms were not disclosed.

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

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