Chicago, IL (February 11, 2014) - On February 25-26, 2014, McGuireWoods, LLP and McGladrey LLP will be hosting the 11th Annual Healthcare and Life Sciences Private Equity and Finance Conference at the Ritz-Carlton Chicago in Chicago, Illinois.
This two-day healthcare-focused private equity, lending and finance conference will review the dramatic changes in the healthcare and life science markets and examine how successful private equity funds achieve capital growth by implementing the right strategies in the right markets.
Compass Surgical Partners, LLC's Darin Jay Hill will be a panel speaker focusing on Ambulatory Surgery Centers and related surgical businesses. Attendees of this premier annual conference include healthcare leaders from across the United States.
Clearwater, FL (January 15, 2014) - Compass Surgical Partners, LLC, today announced that Safety Harbor Surgery Center, its ASC located in Clearwater, Florida, has successfully completed a resyndication. On January 1, 2014, a group of pain management physicians, anchored by Dr. George Panagakos and Dr. Lee Ann Brown acquired an ownership stake in the surgery center, alongside Compass Surgical Partners and several other community based physicians.
"We are excited to welcome our new partners and look forward to working with each of them as we reposition Safety Harbor Surgery Center in the competitive southwest Florida market," commented Sean Rambo, Founding Partner of Compass Surgical Partners LLC and Board Member of Safety Harbor Surgery Center, LLC. "The Safety Harbor Surgery Center is a solid partnership that we believe is greatly enhanced by the addition of these well respected clinicians. We look forward to continuing to execute upon our growth strategy for the surgery center and the greater Tampa market."
Since Compass' involvement in the Safety Harbor Surgery Center in mid-2013, the center has seen a dramatic increase in surgical volume, an expanded physician partnership base and a positive financial recovery and progression. These newly announced physician partnerships continue the Center's recent trend of positive growth and promises a strong financial outlook for the center
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.
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.
RALEIGH, 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.
