Becker's ASC Review

Jan-Feb 2020 ASC

Issue link: https://beckershealthcare.uberflip.com/i/1199058

Contents of this Issue

Navigation

Page 39 of 47

40 GASTROENTEROLOGY 50 gastroenterology transactions in 2019 By Eric Oliver H ere are 50 gastroenterology practices that went through a transaction in the past year: Note: Every center or business listed here was either opened, announced or went through a sale or partnership. Every facility contains a GI compo- nent. Fargo, N.D.-based Sanford Health officially opened its Center for Diges- tive Health. Southeastern Urgent Care Pembroke (N.C.) rebranded as Southeastern Multi-Specialty and Urgent Care Pem- broke as it expands. Prince Frederick, Md.-based Calvert Digestive Disease Associates Endos- copy and Surgery Center opened. TKS 1 made an investment in gastro- intestinal-focused clinical research company Objective GI. Bethlehem Pa.-based St. Luke's University Health Network absorbed and rebranded Sellersville, Pa.-based Bux-mont Gastroenterology. Miami-based Gastro Health en- tered into an agreement to acquire Longwood, Fla.-based Giles Gastro- enterology Center, doing business as Gastroenterology Specialists. Boston-based Dana-Farber/Brigham and Women's Cancer Center opened the Young-Onset Colorectal Cancer Center in response to elevated CRC rates in young adults. Somerset, Ky.-based Lake Cumber- land Regional Hospital acquired Cumberland Gastroenterology in Somerset. Arvest Bank granted Little Rock, Ark.-based Premier Gastroenterology Associates a $26 million construction loan for its Premier Medical Plaza, which broke ground April 3. Columbus-based Ohio Gastro- enterology Group moved into a 42,000-square-foot medical office building and opened an endoscopy center. Zachary, La.-based Lane Gastroenter- ology celebrated its ribbon cutting March 19. Spartanburg (S.C.) Regional Health- care System rebranded its recently acquired Spartanburg-based Mary Black hospitals and the Mary Black Physician group assets. Miami-based Gastro Health acquired Birmingham, Ala.-based Southeast Gastro, its first out-of-state acquisi- tion. Rochester, Minn.-based Mayo Clinic opened a gastroenterology center on the Saint Mary's portion of its campus. Silver Spring, Md.-based Capital Digestive Care reopened its Glenn Dale, Md., office and staffed it with five gastroenterologists. Children's Hospital of Philadelphia plans to build a 37,000-square-foot multispecialty clinic in Abington, Pa. Boston-based Beth Israel Deaconess Hospital opened its 37,000-square- foot outpatient clinical center at its hospital in Needham, Mass. St. Louis-based SSM Health is open- ing a pediatric outpatient specialty clinic in Ferguson, Mo. Community Health Systems began construction on a medical office building and ASC in Mooresville, N.C. Pa.-based providers Regional GI, Main Line Gastroenterology Associ- ates and Digestive Disease Associates will merge in a $130 million deal with private equity firm Amulet Capital. Capital Digestive Care is building a standalone office in Rockville, Md., to house an HyGIeaCare system. Newark, Ohio-based Licking Memo- rial Medical Campus opened a $9 million addition on its main campus June 10. Appalachian Regional Healthcare is moving ahead with an $80,410 acqui- sition and an ambulatory healthcare facility development after receiv- ing approval from the West Virginia Health Care Authority. Nashville, Tenn.-based Covenant Surgical Partners entered into a part- nership with Phoenix-based Arizona Centers for Digestive Health, adding 11 practices to its portfolio. Chicago-based Illinois Gastroenterol- ogy Group closed a private equity deal joining the GI Alliance, which created the largest independent gas- troenterology services organization in the nation. Jamison, Pa.-based Physicians En- doscopy and Capital Digestive Care entered into a strategic partnership Aug. 1, which saw the two companies form a management platform. Cleveland-based University Hospitals teamed up with ASC development and management company Physi- cians Endoscopy to transition and relicense a gastroenterology-focused outpatient department into an ASC. Gastroenterology Associates in Crystal River, Fla., is expanding after opening its doors 30 years ago. Northeast Digestive Health Center will relocate its Edison Square office in Concord, N.C., to a larger space. CRH Medical Corp. will acquire the remaining stake in Thornton-based Central Colorado Anesthesia Associ- ates. Lehigh Valley (Pa.) Health Network entered into a joint venture with Allentown-based Eastern Pennsylva- nia Gastroenterology and Liver Spe- cialists to build two new outpatient endoscopy centers. GI Alliance partnered with Beaumont-

Articles in this issue

view archives of Becker's ASC Review - Jan-Feb 2020 ASC