Lippy Surgery Center partners with SurgNet Health Partners, Inc.

Lippy Surgery Center partners with SurgNet Health Partners, Inc.

August 28, 2023

Warren, OH – Physician Transaction Advisors (formerly ASCs Inc.) is pleased to announce that its client, the Lippy Surgery Center, has entered into a joint venture with SurgNet Health Partners, Inc., a Nashville, TN surgery center development and management company.  “We could not be more delighted to have partnered with the talented and committed physicians and staff at Lippy Surgery Center”, said Chase Neal, CEO of SurgNet Health Partners, Inc.

The physician-owners established the Lippy Surgery Center in 2008 with top-tier surgeons. The 7,182 sf Medicare certified and State licensed center includes 2 OR, 1 PR and 8 pre-op and recovery beds. The center is equipped and staffed to provide ENT, Ophthalmology, Retina and Plastics.

“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 that we feel is imperative as we move forward,” states Dr. Leonard Berenholz, Medical Director of Lippy. “What resonated with us was the time SurgNet took to clearly understand our goals and objectives, to learn about our organization while giving us the opportunity to clearly gauge the value they could bring to our group and they put together a compelling plan and offer that will enable us to meet our short and long-term objectives.”

“We selected Physician Transaction Partners (PTA) to help us manage this time consuming and complex process because they had extensive experience in similar transactions and an excellent reputation,” added Dr. Benenholz.  “PTA ensured our group that there was no obligation on our part to complete a transaction unless we found the right partner at the correct terms. We were beyond pleased with the end result and the value they added through the process.”

PTA Executive Vice President Stephanie Tarry stated, “We were impressed by how well the two groups worked together to complete this joint venture in a very timely manner once a decision had been made.  It was a pleasure working with the exceptional physicians at the Lippy Surgery Center and the legal teams on both sides which helped expedite the transaction process.  Both teams deserve credit for working to make this an exceptional partnership and the center will be a great addition for SurgNet.”

Patients will not experience changes to the doctors they trust or the services they rely on.

About Lippy Surgery Center

The Lippy Surgery Center is a Multispecialty Ambulatory Surgery Center that was established in 2008 and has delivered top quality surgical and post-operative care to thousands of adults and children from around the world. Hearing impaired clients have visited from all over the US, Canada, and as far away as Israel for life-changing surgical procedures to improve and restore hearing.

About SurgNet Health Partners, Inc.

SurgNet Health Partners, Inc. is a surgery center development and management founded in 2022 in Nashville, TN by by Chase Neal and John Brock.  To learn more about SurgNet Health Partners, Inc. visit www.surgnethealthpartners.com.

About Physician Transaction Advisors (formerly ASCs Inc.)

For more than 20 years Physician Transaction Advisors  (PTA) has represented the best interests of the physician-owners and executives of group practices and surgery centers that are considering a strategic transaction or sale of their real estate.  Their industry leading team leverages their decades of combined experience, knowledge and expertise gained from successfully completing more than 300 transactions to ensure their clients realize the absolute best financial and non-financial outcomes with their risk-free process. For more information, please visit www.healthcarePTA.com

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