Regent Surgical Health has expanded its joint venture alliance with Oregon Surgical Institute (OSI), acquiring majority ownership in the latter.
This investment highlights the growing value and access to surgical care that is being created by physician-led ambulatory surgery centres (ASCs).
The partnership started in 2016, leading to the creation of the northwest US’ first ASC to focus on complex cases, mainly spinal issues and total joint replacement.
Regent COO Jeff Andrews said: “Regent’s increased investment will further enable the world-class clinical team at Oregon Surgical Institute to focus on the delivery of industry-leading care while also excelling the orthopaedic and total joint space in general.
“Our evolved partnership was made possible by the trust OSI’s leadership team has placed in us, and this will bolster both value and access by strengthening OSI’s position as a home for the growing list of procedures being delivered through ambulatory surgical centres nationally.”
OSI is an outpatient surgery centre specialising in complex cases.
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With Regent’s support, it is claimed to have gained the capacity to meet the increasing demand for surgical care outside of the traditional hospital setting, achieving high scores in quality, safety, and team member engagement.
OSI member of the governing board Christopher Nanson said: “As financial challenges continue to intensify for hospitals, opportunities are multiplying for leading providers like Oregon Surgical Institute to perform a growing variety of procedures while serving a wider spectrum of patient acuity.
“Regent’s partnership model ensures our physician leaders can forecast and leverage changing market trends while also maintaining the level of control over processes and clinical protocols to drive patient and employee satisfaction.
“They are collaborative listeners who have been critical in advancing our vision.”
Regent is a national platform for ASCs and operates in over 15 states, emphasising health system joint venture partnerships.