Southeast Healthcare Provider Conference focuses on Healthcare Finance and Growth

On Tuesday, September 24, 2013, McGuire Woods, LLP and Grant Thornton hosted the Southeast Healthcare Provider Conference in Charlotte NC.   Healthcare industry leaders, including Compass Surgical Partners, DJ Hill, were invited to discuss key business, legal and accounting issues for healthcare providers across the Southeast. Topics, such as Current Trends in Surgery Center Investments and Opportunities in Niche Service Lines were discussed in various sessions to address topics that are relevant to hospitals, health systems, academic medical centers, ambulatory surgery centers, physician practices, clinical laboratories, ancillary service providers, and anyone who is actively involved in managing the business of healthcare.

Compass announces the Grand Opening of its new offices in Raleigh, NC

Raleigh, NC (July 1, 2013) – Compass Surgical Partners, LLC has moved its corporate offices to 100 Sawmill Road, Raleigh, NC 27615 effective July 1, 2013. The move stems from Compass' growth in the last year, and will enable Compass to better serve its expanding client base. Compass Surgical Partners is a firm that acquires, manages and develops Ambulatory Surgery Centers (ASCs). Compass Surgical Partners focuses in three core areas of partnerships, Hospital Joint Ventures, Turn-arounds and DeNovo ASCs. For more information, contact D.J. Hill at 919.329.2882.

Compass Acquires Equity Interest in Bay Area Physicians Surgery Center near Tampa

BAPSCRALEIGH, NC (May 1, 2013) Raleigh-based Compass Surgical Partners, a firm that invests in, manages and develops ambulatory surgery centers (ASCs), has acquired an equity interest in a second Tampa-area ASC — Bay Area Physicians Surgery Center in Brandon, FL. The partnership is effective as of May 1, 2013.

Compass has been providing management services for Bay Area Physicians Surgery Center since early 2012 and assisting in a significant financial turnaround. During the prior year, the center obtained its accreditation from the Accreditation Association for Ambulatory Health Care (AAAHC), secured an insurance contract with a key payer in the market, restructured its long-term debt and resyndicated its physician partnership.

"We are proud to be partners with the physicians at Bay Area Physicians Surgery Center. The center is now completely recapitalized, has been recognized for its clinical performance and standards for high-quality health care through its AAAHC accreditation status, and is generating positive cash flow from operations," says Sean Rambo, Compass founder and Chief Operating Officer. "We are honored to partner alongside the physicians, and we look forward to being an active part of the future success of the ASC."

Bay Area Physicians Surgery Center is a multi-specialty ASC with three operating rooms and three procedure rooms. The center's specialties include urology, orthopedics, ENT, gastroenterology and pain management. This is the second Tampa-area ASC that Compass has invested in. In April 2013, the company purchased an equity interest in Safety Harbor Surgery Center in Clearwater, FL.

 

Compass Acquires Equity Interest in Safety Harbor Surgery Center near Tampa

safetyharborRALEIGH, NC (April 29, 2013) Raleigh-based Compass Surgical Partners, a firm that invests, manages and develops ambulatory surgery centers (ASCs) has acquired an equity interest in Safety Harbor Surgery Center located in Clearwater, FL.

“We’re excited to partner with the physicians in Safety Harbor and be a part of the future success of the Center,” says Sean Rambo, Compass founder and Chief Operating Officer.

In August of 2012, Compass was awarded a management contract and has provided operational oversight for Safety Harbor Surgery Center since then. The team further solidified its involvement through an equity investment and is in the process of repositioning the center for future success. In addition they have completed a re-syndication that included two general surgeons, an ophthalmologist and a gastroenterologist.

Safety Harbor Surgery Center is a multi-specialty ASC with two operating rooms located in Clearwater, Florida. The center’s specialties include general surgery, GI, ophthalmology/retinal surgery, urology and orthopedics.

 

DJ Hill, Founder of Compass, addresses the 7th Annual Hospital – Physician Collaborative

hill(March 23, 2013) – The chapter’s 7th Annual Hospital/Physician Collaborative, was held March 24 to 26, 2013 at the Lancaster County Convention Center. This year’s meeting focused on the issues of Ambulatory Surgery Centers, Healthcare’s Hot Buttons, Physician Practice Management, and ICD-10, to provide chapter members with relevant, need-to-know information to better manage the many challenges and changes the health care industry has experienced--and will continue to experience.

Darin Jay Hill, MBA, of Compass Surgical Partners, LLC addressed the collaborative on the first day of the event, discussing Ambulatory Surgery Centers. DJ Hill, provided “Guidance for Turbulent Times,” a comprehensive presentation included national trends, risk factors, and several detailed case studies. The impact of industry consolidations also was reviewed, and attendees came away from the presentation with a more in-depth understanding of the issues that they faced in this changing health care industry.