NueHealth acquired Blue Chip Surgical Partners, a company focused on developing and managing ambulatory surgery centers.
"The facilities we're absorbing are relatively early in their lifecycle, which makes them adaptable," said Dan Tasset, CEO and chairman of NueHealth and chairman of Nueterra Capital. "We're going to help them stay ahead in an evolving healthcare market by equipping them to be fully transparent with quality and costs data, so they in turn can continue to deliver high-quality consumer care that's simple, accessible, affordable and easy to understand."
Here are five key notes:
1. The two companies began the acquisition process last year and finalized the acquisition in January 2016.
2. NueHealth is assuming full ownership of Blue Chip Partners and 11 of its ASCs, ranging in location from Southern California to Nebraska, Florida to Maryland.
3. Most of Blue Chip's surgery centers are focused on orthopedics, which fits into NueHealth's overall strategies to develop clinically integrated provider networks.
4. Blue Chip's former CEO Jeff Leland will now serve as the executive vice president of business development for NueHealth. He will focus on employer and payer relations.
5. The terms of the acquisition were not disclosed.
"Both NueHealth and the founders of Blue Chip are excited about this acquisition," said Mr. Leland. "We're going to leverage our innovative program and services to help these acquired facilities remain sustainable during the transition to pay-for-value, lower costs for the benefit of patients and take full advantage of clinical integration with out networks."