PTA Advises Choice Care Surgery Center on Partnership with USPI
Midland, TX: Physician Transaction Advisors (formerly ASCs Inc.) is pleased to announce that its client, the Choice Care Surgery Center (“CCSC”), has entered into a joint venture with a leading regional hospital and a national provider of surgical services. CCSC, located in Midland, TX, joins United Surgical Partners International (USPI), the largest ambulatory surgery center network in the United States.
The physician-owners of CCSC include top-tier surgeons who offer a broad range of services, including Cardiology, Gynecology, Endovascular Surgery, Gastroenterology, Orthopedic Surgery, Hand and Plastic Surgery, and Urology for the residents of West Texas. The beautifully constructed 15,700 square-foot state-of-the-art surgery center includes 3 Operating Rooms, 2 Endoscopy Suites, 1 Cath Lab, 19 pre-op and post-op beds, and 2 private rooms.
“As an organization, we felt that we would best be able to realize our goals by partnering with an organization that would support our growth initiatives and provide us with the clinical, operational, and business support and acumen that we feel is imperative as we move forward,” states Dr. Anand Cholia, Group President of CCSC. “What resonated with us the most was our partner’s joint mission of providing quality, affordable, and compassionate care to patients – the basis on which our organization was founded.”
“As physicians we felt it was better for us to facilitate all negotiations and discussions with any potential buyers through our advisor, Physician Transaction Advisors,” added Dr. Govind Patel, Director of the Governing Board. “Their expertise and understanding of the transaction process, the insight they provided, and the impact that they had on our success was far greater than we ever could ever have anticipated. Knowing what we do now, we as a group would strongly recommend using them for any future transactions.”
“For our group, the expert advice and guidance the Physician Transaction Advisors team provided every step of the way was instrumental in our successful partnership transaction,” added Dr. Mrunal Patel, Director of CCSC. “This was a far more complex and time-consuming process than anyone our team had envisioned. Physician Transaction Advisors did so much more than negotiate the best price and terms. From start to finish, they went above and beyond to ensure we realized an exceptional outcome.”
Patients will not experience changes to the doctors they trust or the services they rely on from CCSC. They will benefit from greater access to the latest surgical and medical advances, as well as additional resources and investment in advanced technologies.
About CCSC
Choice Care Surgery Center was developed by an exceptional group of physicians whose goal is to provide excellent outcomes at an affordable rate, allowing patients to recover in the comfort of their own homes.
About USPI
United Surgical Partners International (USPI), a subsidiary of Tenet Healthcare Corporation (NYSE: THC), operates the largest ambulatory platform in the country. With more than 545 facilities across the United States, the company serves patients in ambulatory surgery centers and surgical hospitals. For more information, please visit www.uspi.com.
About Physician Transaction Advisors (formerly ASCs Inc.)
For more than 20 years, Physician Transaction Advisors have represented the best interests of the physician-owners and executives of group practices and surgery centers when considering a strategic transaction. Their industry-leading team leverages their decades of combined experience, knowledge, and expertise from successfully completing more than 300 transactions to ensure their clients realize the best financial and non-financial outcomes with their risk-free process. For more information, please visit www.healthcarePTA.com.
