Florida Urology Center Enters into Partnership with US Urology Partners
Florida Urology Center Enters into Partnership with US Urology Partners
PALM COAST, Fla., July 7, 2022 /PRNewswire/ — ASCs Inc. is pleased to announce that Florida Urology Center and Physicians Ambulatory Surgery Center has entered into a partnership with U.S. 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. Through 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.”
ASCs Inc.’s Managing Partner Jim Freund added, “Our process involved engaging more than a dozen of the most qualified and likely prospective buyers. 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 ASCs Inc. 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.”
Florida Urology Center has five convenient locations throughout Florida, including Ormond Beach, Port Orange, Orange City, New Smyrna Beach, and Palm Coast. The Florida Urology group is committed to providing quality healthcare to its patients through education, training, clinical research, and support. The practice is dedicated to improving the lives of its patients by offering the most current diagnostic and therapeutic alternatives available. Most of the surgeries are performed in their state-of-the-art ambulatory surgery center, which is licensed by the state of Florida and certified by Medicare.
U.S. Urology Partners is one of the nation’s largest independent providers of urology and related specialty services, including general urology, surgical procedures, advanced cancer treatment, and other ancillary services. The U.S. Urology Partners clinical network consists of more than 40 locations throughout the East Coast and Midwest. U.S. Urology Partners was formed to support urology practices with an experienced team of healthcare executives and resources and is backed by NMS Capital. The U.S. Urology Partners corporate office is in Nolensville, Tennessee, just outside of Nashville.
For over 20 years the industry-leading team at ASCs Inc. has focused exclusively on representing the best interests of physician-owners who are considering selling an interest in their practice, surgical center, or their real estate. By leveraging the knowledge, experience, and expertise that comes from successfully managing over 300 complex and time-consuming transactions our clients realize the best possible results using our risk-free process.
More Insights
Sold — Thousand Oaks Surgery Center in Thousand Oaks, CA
Physician Transaction Advisors (formerly ASCs Inc.) is pleased to announce the closing of a healthcare real estate sale-leaseback transaction for the Serra Medical Plaza, a 13,000 square-foot two-story medical office building (MOB) in Thousand Oaks, California. The Property was built-to-suit in 2014 and is 100% leased to Thousand Oaks Surgery Center (TOSC) – a leading multi-specialty surgery center in Ventura County with 4 operating rooms ideally located [...]
Private Equity and Physician-owned Practices and ASCs
Lessons learned from South Bend Orthopaedics and Sports Medicine, a partner practice of OrthoAlliance For decades, physician-owned practices and ASCs have been partnering with companies that can help them scale, grow and operate more efficiently. Over the past several years private equity firms have vigorously pursued these strategic partnerships, focusing on forging alliances and building platforms that can power surgical facilities’ business [...]
Maintaining Independence through Appropriate Strategic Partnerships
At the 2023 Ambulatory Surgery Center Association (ASCA) annual meeting, ASCs Inc’s Managing Partner Jim Freund and Executive Vice President Stephanie Tarry will be sharing their insights regarding how physician-owners of ASCs and Practices can realize exceptional outcomes with appropriate joint ventures. Question – What is a Strategic Partnership? Answer – By definition, a strategic transaction is an event that defines the future direction of [...]
SOLD – Midwest Physician’s Surgery Medical Office Building
Lee’s Summit, MO, March 23, 2023 — ASCs Inc. is pleased to announce the closing of a healthcare real estate sale and partial leaseback transaction for Midwest Physician’s Surgery Medical Office Building located in Lee’s Summit, Missouri. The 20,000 square foot medical-office building is 100% leased to three tenants: Midwest Physician’s Surgery Center, Clay Platte Summit Family and Sports Medicine, and Midwest Gastroenterology. [...]
South Bend Orthopaedics enters into partnership with OrthoAlliance
SOUTH BEND, Ind., March 8, 2023 /PRNewswire/ -- ASCs Inc. is pleased to announce that one of the leading orthopaedic groups in the Midwest, South Bend Orthopaedics (SBO), has entered into a partnership with OrthoAlliance. The partnership will enhance SBO's success and comprehensive approach to delivering specialized bone, joint, and muscle care to more patients throughout northern Indiana. "Our entire team at SBO is excited to join OrthoAlliance, which [...]
Becker’s 19th Annual Pain and Orthopaedic Conference Takeaways
Representatives of ASCs Inc. recently presented at the Becker’s 19th Annual Spine and Orthopaedic Conference held June 16-22, 2022 in Chicago. The following article includes excerpts from two presentations: Jim Freund, Managing Partner of ASCs Inc. was on panels addressing Is it the Right Time to Sell? What Happens Next? And ASC Management and Transactions: Big Trends for 2023 Stephanie Tarry of ASCs [...]
Florida Urology Center Enters into Partnership with US Urology Partners
PALM COAST, Fla., July 7, 2022 /PRNewswire/ -- ASCs Inc. is pleased to announce that Florida Urology Center and Physicians Ambulatory Surgery Center has entered into a partnership with U.S. 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. [...]
Is your healthcare organization considering a strategic transaction? 7 Qs with Jim Freund of ASCs Inc.
Healthcare transactions increased in the last year, with physician medical group deals jumping 119 percent year over year, according to a PwC report. The COVID-19 pandemic stressed many smaller physician-owned practices, and costs to run ASC businesses aren’t likely to drop any time soon. Many physicians are looking to merge with other independent physician groups, sell to a private equity firm or to [...]
Selling ASC & MOB Real Estate: The 2022 Outlook and Mistakes to Avoid
Many physicians who own their ASC and MOB real estate may be considering a sale-leaseback of their ASC/MOB real estate to take advantage of the increase in value of medical real estate. Due to the long-term success and profitability of ASCs, excellent credit history and rent coverage, and the likelihood that the ASC will remain in the same location for many years to [...]
Keith LeBlanc Joins ASCs Inc. as Senior Advisor
San Diego, CA., June 1, 2022 – ASCs Inc. is pleased to announce that Mr. Keith LeBlanc is joining our team as a Senior Advisor. “Keith has an incredible background and skill set that will be invaluable as we enter into more complex client engagements,” states Managing Partner Jim Freund. “I have known and worked with Keith for almost two decades and he is [...]