Compass enters joint venture with Tampa based Clearwell Group
TAMPA, FL (September 17, 2014) – Compass Surgical Partners, LLC, a surgery center management and development company specializing in denovos, hospital partnerships, and turnarounds, today announced that it has entered into a joint venture with Clearwell Group, LLC, a Tampa-based family office investment manager, for the purpose of accelerating its Ambulatory Surgery Centers (ASCs) activity.
"This partnership will allow us to tackle both more and larger projects. Our management team has managed a much larger portfolio in a prior firm. The partnership with Clearwell allows us to advance our portfolio more quickly. I’ve known Doug Free of Clearwell for over 30 years and know that his high standards for quality and ethics are a match for us,” said DJ Hill, Co-Founder of Compass. “Our clients should expect no material changes to their operations with this development.”
David Hall, Chairman of Compass noted, “Clearwell was flexible and responsive to our needs. We look forward to our emerging relationship with them”.
“Clearwell Group is pleased to support a first class surgical management group like Compass. They deliver very strong results relative to their peers in the industry,” said Douglas Free. “We work to add value to each of our partnerships. The Compass investment fit our profile of strong management teams in markets where we have relationships in promising industries.”
About Clearwell Group
Clearwell Group is a family office investment advisory business based in Tampa, Florida. Clearwell Group makes control and meaningful minority investments in companies located in the southeastern United States across all stages of development. Clearwell Group supports high integrity entrepreneurs with a collaborative approach to creating value that leverages experience and network. This approach aligns the interests of Clearwell Group with management to achieve the best possible outcome with the right amount of capital over the right period of time. For more information, please visit www.clearwellgroup.com.