Five joint venture ASC updates:
1. Fort Worth, Texas-based Medical City Alliance opened an outpatient surgery center on its campus. The new facility, Medical City Surgery Center Alliance, is 18,630 square feet, according to a March 30 news release shared with Becker’s. The center is operated in collaboration with 17 physician partners and Nashville, Tenn.-based HCA Healthcare.
2. 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.
3. Chicago-based Regent Surgical Health and Amarillo-based Northwest Texas Healthcare System are opening a joint-venture cardiovascular ASC in Amarillo.
The Cardiovascular Institute of Amarillo will be the only outpatient center in the area dedicated solely to cardiovascular procedures
4. Dulles, Va.-based StoneSprings Hospital Center opened an orthopedic ASC in Sterling, Va. Stone Springs Ambulatory Surgery Center is a $6.8 million, 18,630-square-foot facility with private recovery rooms and two operating rooms, the hospital said in an email shared with Becker’s. The ASC is a joint venture with 16 physician partners.
5. 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.
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
