Leawood, Kan.-based NueHealth has partnered with more than 10,000 physician investors and 25 health systems to expand into more than 150 facilities, including physician-owned surgery centers, surgical hospitals and hyper-specialty centers.
Here are 10 things to know.
1. NueHealth's roots stretch back to the formation of Nueterra Healthcare in 1997. Nueterra Healthcare syndicated its first ASC that year with a group of physician investors and syndicated its first surgical hospital in 2001.
2. NueHealth Networks, a Nueterra Healthcare sister company, was created in 2013. The two companies merged in 2016 to create NueHealth Holdings, a healthcare consumer interface company focused on reinventing the ASC to adopt to consumerism and value-based payment reform while delivering a market platform comprised of NueHealth Holdings portfolio companies.
3. Dan Tasset, who serves as chairman of Nueterra Capital, guided the companies through the merger.
NueHealth Holdings named John Palumbo executive chairman and Carl King CEO in April. Both have 20-plus years of experience in leadership roles. Mr. Palumbo has worked for Fortune 50 companies and is a senior fellow at Jefferson University School of Population health Management. Mr. King has served as president of national accounts and head of the national networks and contracting services for Aetna.
4. As a privately held company, NueHealth Holdings now operates its "Ambulatory Centers of Excellence" network in 28 states with over 2,500 employees and has developed and managed 150-plus facilities.
5. NueHealth Holdings’s parent company, Nueterra Capital, provides private equity investment and advisory services to healthcare innovation companies.
6. NueHealth Holdings’s platform affiliate companies are NueHealth Performance, Muve Health, Benefit Management, HealthcareRe and ValueHealth. NueHealth Holdings led a Series A round to develop and launch Muve Health in 2015 and in 2017 opened the country’s first hyper-specialty TJR Center of Excellence in Austin, Texas, delivering care under a prospective bundle with warranty. Muve Health has reimagined care built on the country’s largest clinical study of outpatient joints and has accomplished an unprecedented Net Promoter Score of 99 from the patients it has served.
7. In January, NueHealth Performance and Medical Facilities Corp. formed a joint venture called MFC Nueterra Holding Co. Under the majority ownership of Medical Facilities Corp., the entity bought seven ASCs from Meridian Surgical Partners for $46.5 million.
NueHealth Performance will provide day-to-day management and operational support to the facilities, which are:
- Brookside Surgery Center in Battle Creek, Mich.
- Central Arkansas Surgical Center in Russellville
- City Place Surgery Center in Creve Coeur, Mo.
- Eastwind Surgical in Westerville, Ohio
- Miracle Hills Surgery Center in Omaha, Neb.
- Riverview Ambulatory Surgical Center in Kingston, Penn.
- Two Rivers Surgery Center in Eugene, Ore.
8. NueHealth Performance’s Gold Coast Surgery Center in Chicago became the first ASC in the Midwest to achieve the Orthopaedic Advanced Certification: Total Joint Program from the Accreditation Association for Ambulatory Health Care at the beginning of 2018.
9. NueHealth Holdings, Nueterra Capital and One5 Foundation donated a building to Hope Faith Ministries, a Christian ministry that provides outreach services and serves as an equipping day center to the homeless in Kansas City, Mo.
10. NueHealth Holdings generates approximately $840 million of consolidated revenue annually.