Here are seven updates for ASC leaders to know for May 17, 2018.
NueHealth, Rothman Institute, Jefferson Health joint venture plans to reopen ASC, double case volume to 4k
NueHealth partnered with Rothman Institute, Jefferson Health and 14 multispecialty physicians to acquire the Plymouth Meeting, Pa.-based Blue Bell Surgery Center. Rothman Institute and Jefferson Health are based in Philadelphia. NueHealth is based in Leawood, Kan. The ASC is scheduled to reopen as Jefferson Surgery Center – Blue Bell in the third quarter of 2018.
US Virgin Islands company gets $5M in funding for St. Croix ASC
Liberty Medical Development, a company based in the U.S. Virgin Islands, secured funding for an ASC on St. Croix. The company obtained $5 million in funding, with more than $1.25 million already invested. The ASC is expected to include orthopedics, general surgery, cardiology, oral surgery, dentistry and OB-GYN.
HHS Sec. Alex Azar criticizes high prices in hospitals compared to physician offices
HHS Secretary Alex Azar discussed President Donald Trump's vision of healthcare in a prepared statement for the Federation of American Hospitals, mentioning the president's interest in limiting regulation, promoting transparency and shifting care to the most appropriate setting.
Spindletop Capital Management invests in Tricity Pain Associates and Interventional Pain Management
Spindletop Capital Management acquired San Antonio-based Tricity Pain Associates and Interventional Pain Associates. Tricity has a combination of 11 pain management practices and surgery centers across Texas. This is Spindletop's first in a series of acquisitions, as the company attempts to establish itself in the healthcare space.
Northwell Health's North Shore University Hospital seeks to acquire ASC
Northwell Lynbrook ASC Ventures, whose sole member is Manhasset, N.Y.-based North Shore University Hospital, submitted a certificate of need application to buy an ASC in Lynbrook, N.Y. The center would be renamed Lynbrook Surgery Center and hand surgeon Bennett Brown, MD, would serve as medical director.
$11M surgery center opens in Minnesota
Willmar, Minn.-based Carris Health opened its $11 million outpatient surgery center in Willmar. The first procedures will occur sometime in May.
Rick Epstein takes the reigns at OMNIlife science
Former Sonoma Orthopedic Products President and CEO Rick Epstein joined OMNIlife science as CEO. His prior roles include executive positions at Baxter International and Cardinal Health. OMNI, a privately held medical technology company, provides products and services for surgeons, hospitals and surgery centers.