Physician Transaction Advisors (formerly ASCs Inc.) is pleased to announce that the Florida Urology Center and Physicians Ambulatory Surgery Center has entered into a partnership with US Urology Partners.
“Florida Urology Center’s mission of providing quality, affordable and compassionate care to its patients was the basis on which we founded our practice and our surgery center”, states Dr. Greg Parr, a founding partner. “As an organization we felt that we would best be able to realize our goals by partnering with a group that would enable us to focus on patient care and they would support our growth initiatives and provide us with the clinical, operational and business support that we feel is imperative as we move forward. After a thorough evaluation of alternative strategic partners we selected U.S. Urology Partners”.
Corina Tracy, Chief Executive Officer of U.S. Urology Partners, stated, “We are honored to welcome Florida Urology Center, which is well-known for its quality care and advanced technology, including a state-of-the-art surgery center. The addition of Florida Urology Center expands our multi-regional clinical network, which now spans the East Coast and the Midwest. Though collaboration among our partner practices, we are able to make an even greater impact on delivering the highest level of urological care in the communities we serve.”
Physician Transaction Advisors Managing Partner Jim Freund added,. “Our process involved engaging about a dozen of the most qualified prospective partners. The physicians and executive team were involved throughout and able to focus on finding the right partner while concurrently we negotiated the financial and non-financial terms with each party, ultimately providing the physician-owners with all the information that they needed to make an informed decision. As a result they moved forward with the best possible partner for their organization”.
“We selected PTA because they had extensive experience in similar transactions, they have an excellent reputation and there was no obligation on our part to complete a transaction unless we found the right partner at the right price”, added Dr. Parr. “We were beyond pleased with the end result”.