Issue link: https://beckershealthcare.uberflip.com/i/1475204
21 JOINT VENTURES Surgery center company creates joint venture cardiovascular business By Alan Condon A tlas Healthcare Partners, a company that manages and develops surgery centers, has partnered with MedAxiom to create a joint venture specializing in improving cardiovascular care in ASCs. e new company will collaborate with health systems and physicians to improve patient outcomes, the patient experience and access to car- diovascular care in ASCs, according to a June 28 news release. Atlas will focus on ASC development and management and MedAxi- om, an American College of Cardiology company, will oversee cardio- vascular ASC clinical and operational outcomes. Atlas claims it is the fastest growing company in the ASC industry and takes a highly integrated approach with its health system and physician partners by focusing on aligning physicians and ASCs with the health system's delivery network and strategy. Marc Toth was appointed president of Atlas cardiovascular market, where he will lead strategy and business development. Trey Domann, vice president of cardiovascular development at Atlas, will lead develop- ment efforts with health systems and cardiology groups. "With a clear line of vision into the evolution of ASC service lines, Atlas is a proven leader and authority in outpatient care," said Jerry Blackwell, MD, MedAxiom president and CEO. "By coupling Atlas' extensive ASC experience with MedAxiom's cardiovascular-specific expertise, health systems and physicians looking to expand into the outpatient procedure space now have a solution." Atlas formed a joint venture with Banner in 2018 to develop and oper- ate ASCs in Arizona, Colorado and Wyoming, e partnership took Atlas from eight ASCs to 27 facilities nationwide. n Capitol Pain Institute, private equity firm partner to create pain management platform By Riz Hatton A n affiliate of Capitol Pain Institute, an interventional pain management provider, and Iron Path Capital, a private equity firm, partnered to create a physician-led consolida- tion platform. Capitol Pain Institute plans to build a national platform by affiliat- ing with independent pain management practices and building new clinics. e goal of the platform is to support corporate functions at affiliated practices, according to a June 23 news release. Capitol Pain Institute has ASCs and clinics throughout Texas, Ohio and Kentucky. In addition to interventional pain management, the provider offers spinal cord and peripheral nerve stimulation, inter- spinous stabilization and fixation and posterior SI joint fusion. is transaction is Iron Path Capital's third platform investment since its founding in 2021. n Surgery Partners, Novant Health planning $328.7M medical center By Patsy Newitt A SC chain Surgery Partners and Charlotte, N.C.- based Novant Health have submitted plans for a $328.7 million medical center in Asheville, N.C., The Transylvania Times reported June 29. The Novant Health Asheville Medical Center would fea- ture 67 acute care beds, one C-section operating room and one additional operating room, which would be re- located from the Outpatient Surgery Center of Asheville. The acute care hospital would be completed in January 2027. n Health system opens joint-venture ASC in Minneapolis By Marcus Robertson M inneapolis-based Allina Health opened a joint- venture ASC in Minneapolis, REBusinessOnline reported June 14. The two-story facility, dubbed 610 Medical, is a 40,000-square-foot surgery center, the report said. Allina Health leases about 18,000 square feet, or most of the second floor. The multispecialty center offers procedures in ENT, ortho- pedics, urology and general surgery. n