6 new joint venture ASC deals

Becker’s has reported on six joint-venture ASC deals in the last 60 days:

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1. Altoona, Wis.-based Chippewa Valley Orthopedics and Sports Medicine and its partner, physician-owned management and development company Surgical Management Professionals, are building a new clinic and ASC. 

2. Sioux Falls, S.D.-based orthopedic chain InReach Physical Therapy is opening an outpatient clinic in Hillsboro, Ore., with network partner Physical Rehabilitation Network.

3. Chicago-based Regent Surgical Health is partnering with Ascension Texas for a robotic-equipped joint venture orthopedic ASC in Austin.

4. Gainesville, Fla.-based UF Health East is renovating a facility in collaboration with Jacksonville-based Jax Spine & Pain Centers. The three-story, 52,146-square-foot Jacksonville facility will house an ASC on its first floor, the report said. New renovations include an MRI unit and other upgrades totaling about $1.4 million.

5. Two independent physician practice owners are building a new center in Bethlehem, N.Y. Ophthalmologists Michael Pokabla, DO, owner of Glaucoma Consultants of The Capital Region, and Edward Wladis, MD, owner of Lions Eye Institute, both based in Slingerlands, will share ownership of the new center.

6. HCA Healthcare acquired an interest in San Antonio-based Stone Oak Surgery Center, in collaboration with 11 physician partners. The multispecialty ASC offers services in orthopedics, pain management, podiatry and spinal surgery. It spans 5,970 square feet and includes two operating rooms, one procedure room, three pre-op bays and five post-anesthesia bays.

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.

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