Physicians Surgery Center of Frederick Enters into Strategic Partnership with SurgCenter Development

Physicians Surgery Center of Frederick Enters into Strategic Partnership with SurgCenter Development

Jim Freund

April 9, 2024

January 2024 | Frederick, Maryland – Physician Transaction Advisors (formerly ASCs Inc.) is pleased to announce that its client, the Physicians Surgery Center of Frederick (“PSCF”), located in Frederick, MD, has entered into a joint venture with SurgCenter Development, a leading national provider of surgery center services.

Founded in 2002, the Orthopedic-oriented multi-specialty ambulatory surgery center (ASC) in western Maryland is AAAHC accredited, and Medicare approved. The physician-owners of PSCF include top-tier orthopedist, Ophthalmologist and plastic surgeons. In 2023, they performed over 250 total joint replacement procedures in the outpatient setting of the ASC. The beautifully constructed free-standing surgery center includes two operating rooms and eight pre- and post-op stations.

“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. Scott Andochick, Medical Director of PSCF.

“We selected ASCs Inc., now Physician Transaction Advisors (PTA), to help us with this process because they had extensive experience in similar transactions and an excellent reputation,” added Dr. Andochick. “PTA ensured our group that we were not obligated to complete a transaction unless we found the right partner at the correct terms. We were beyond pleased with the result.”

PTA Managing Partner, Jim Freund stated, “This was an extremely competitive process and the owners of PSCF were able to fully evaluate many potential partners, truly understand the value that each would bring, ensure that these firms clearly understood their goals and objectives and ultimately make an informed decision regarding the future of their organization.”

Patients will not experience changes with the doctors they trust or the services they rely on from PSCF. They will benefit from greater access to the latest surgical and medical advances, as well as additional resources and investment in advanced technologies.

About PSCF
The Physicians Surgery Center of Frederick was developed by Dr. Scott Andochik and has partnered with an exceptional group of physician partners whose goal is to provide excellent outcomes at an affordable rate, allowing patients to recover in the comfort of their own homes. For more information, please visit: https://www.physicianssurgctr.com.

About SurgCenter Development
SCD began developing ambulatory surgical centers (ASC) in 1993, and SurgCenter Development (SCD) was officially established in 2002. With unique backgrounds in both clinical and operational management, the founders formalized the structure used today, which provides for the most influential physician alignment while maintaining critical oversight. The company and its principals have been involved in the development of more than 230 centers in 26 states with more than 2,220 physician partners.

About Physician Transaction Advisors (formerly ASCs Inc.)
For more than twenty years, Physician Transaction Advisors has represented the best interests of physician-owners and executives of group practices and surgery centers that are considering strategic transactions. 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

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