Issue link: https://beckershealthcare.uberflip.com/i/1208835
15 ASC MANAGEMENT SurgLogs gets $5M from Silicon Valley investors By Rachel Popa S urgLogs, a software company that helps ASCs or- ganize compliance-related documents, has raised $5 million from two Silicon Valley investors, accord- ing to the San Diego Union-Tribune. With the new funding from Credo Ventures and 8VC, SurgLogs CEO Peter Zajac told the Union-Tribune the company plans to expand, hire new talent and develop software to stay ahead of the competition. SurgLogs was founded in 2015 by Mr. Zajac and plastic surgeon John Hilinski, MD. Mr. Zajac told the Union- Tribune his team has learned how complicated it can be to automate compliance records since the company's founding, but now has several hundred ASCs and hos- pitals running its software. n Sutter Health to expand surgery center after donation — 3 insights By Eric Oliver S acramento, Calif.-based Sutter Health received an unspecified donation from Nick and Margaret Faitos that the health system will use to expand its surgery center, the Santa Cruz Sentinel reports. What you should know: 1. Sutter Health will add two operating rooms and a pro- cedure room to what will now be known as The Nick and Margaret Faitos Center for Special Procedures. 2. The center provides oncology, general surgery, ophthal- mology and pain management services. 3. Mr. Faitos made the donation out of an admiration of the advances of modern medicine. n Medical Facilities Corp. sells Arkansas ASC — 4 insights By Eric Oliver M edical Facilities Corp. sold Central Arkansas Surgical Center, which it had acquired through a joint venture with Leawood, Kan.-based Nue- Health. What you should know: 1. The companies acquired the Russellville, Ark.-based ASC in early 2018. 2. MFC sold the joint venture for an unspecified amount. 3. Local Arkansas investors acquired the ASC. 4. MFC President and CEO Robert Horrar said the sale allows MFC to realign its portfolio. He added, "We remain focused on strengthening our foundation, and this trans- action is consistent with our objectives of improving profit- ability and strengthening our balance sheet." n Optum partners with Minnesota health system to develop ASCs By Rachel Popa O ptum finalized a partnership with Allina Health System in Minneapolis in December, paving the way for the potential development of up to a dozen new surgery centers in the next five years, ac- cording to the Minneapolis Star-Tribune. Through the partnership, Optum and its subsidiary, Surgical Care Affiliates, will become equity partners in new ASCs developed with Allina. Optum also will begin managing Allina's ASCs at the Plymouth, Minn.-based West Health medical campus in February. "We are committed to supporting the community with lower-cost settings of care," Lisa Shannon, COO at Allina, told the Star-Tribune. "While the payers did not trigger our pursuit of this plan ... we believe the payers are going to be positively encouraged by our develop- ment." SCA had three partnerships with ASCs in Minnesota when UnitedHealth Group, Optum's parent company, acquired SCA in 2017, according to the Star-Tribune. SCA said it is "pleased to be working with Allina" and looks forward to reducing the total cost of care for patients. The financial terms of the partnership were not re- leased. n