CMS and commercial payers continue to push procedures to ASCs, where care can be provided at a lower cost, and private equity investment in surgery centers is increasing to capitalize on this evolving dynamic.
Private Equity
Large physician groups partnering with private equity firms to form managed service organizations have become more common over the last five years.
Sunvera Group, a private equity-backed management service organization, has partnered with Wilkinson Eye Center, which has locations in Clarkston and Pontiac, Mich.
From investments to acquisitions, below are five private equity updates to know:
Audax Private Equity recently closed a funding round for its portfolio company Aspen Surgical Products.
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A few years ago, private equity was a dirty word among some circles of physicians and surgeons. The idea of accepting investment dollars in exchange for autonomy was unattractive for physician owners at best, and dangerous at worse.
Two medical real estate leaders have launched a physician and ASC-focused merger and acquisition company, the new company, dubbed Medical Practice Exit Advisors, said March 30.
Private equity firm Legacy Capital Ventures acquired a medical office building for $7.1 million in Lincoln, R.I., Connect CRE reported March 24.
Alex Bateman, CEO of Atlanta-based Resurgens Orthopaedics, is joining United Musculoskeletal Partners as CEO, according to an email shared with Becker's.
Raleigh, N.C.-based Compass Surgical Partners has secured a minority investment by Health Velocity Capital, a private equity firm that focuses on healthcare services and software businesses.