Regent Surgical Health Announces Two ASC Joint Ventures With Lodi Memorial Hospital and 17 Surgeons
Deals are Surgery Center Management & Development Company’s 12th and 13th Hospital/Physician Joint Ventures
Westchester, IL (November 21, 2011) – Regent Surgical Health, a surgery center management and development company that specializes in Hospital/Physician Joint Ventures, is pleased to announce a new partnership with Lodi Memorial Hospital and 17 physician partners. The new centers are the Lodi Outpatient Surgical Center and the Endoscopy Center of Lodi. These are Regent’s 24th and 25th surgery centers – 13 of which are joint ventures with hospitals and physicians. The new facilities will provide specialties including ENT, endoscopy, general surgery, orthopedics, podiatry, ophthalmology, and urology.
New Partner Centers:
Lodi Outpatient Surgical Center 521 S. Ham Ln., Suite F, Lodi CA
Endoscopy Center of Lodi 840 S. Fairmont Ave., Suite 1, Lodi CA
“Lodi Memorial Hospital and its physician partners face the same challenges related to competition, the economy and healthcare reform, but they were not working to solve them together,” says Regent CEO and founder Thomas Mallon. “We helped the hospital and its physician partners bring these two centers together as one company that aligns the interests of all parties for long term success.”
“This relationship is important, not only to the partners, but to the hospital’s five-county service area,” adds Lodi Memorial Hospital President and CEO Joe Harrington. “Our community is best served by local doctors, a local hospital, and local resources. This partnership is a win, win, win for the hospital, physicians and our community.”
Area urologist and Lodi Surgical Associates CEO Erick Albert, MD adds, “We are happy to join Lodi Memorial Hospital in its mission to expand access to care to the 300,000 patients in the Lodi area. This partnership will enhance our ability to provide excellent care for area patients.”
Regent is a specialist in structuring ASC JVs and developing strong models of partnership that align the long term interests of hospitals and surgeons. Its hospital and health system partners include OhioHealth, Kettering Health Network, Kish Health Systems, Memorial Health System, St. Mary’s Regional Medical Center, Marietta Memorial Hospital, Palos Community Hospital, Swedish Covenant Hospital, Bayonne Medical Center and more.
Regent Chief Development Officer Jeffrey Simmons adds, “Our company has been structuring hospital/physician joint ventures for more than a decade. Hospitals, surgeons and most importantly, the patient community all benefit from collaborations that bring hospitals and physicians together for lasting success.”
Michelle McRae
CCO Healthcare Partners
312.961.4745
mrm@ccopartners.com
About Regent Surgical Health
Regent Surgical Health develops, manages and invests in surgery centers throughout the U.S. Regent has an unmatched record for delivering sustainable profitability while enabling physician partners to maintain clinical autonomy and financial control. We invest capital side by side with physician partners and firmly believe the by-product of excellent care and efficiency is financial success. To learn more about Regent Surgical Health and other physician/hospital alliance opportunities, visit our web site at www.regentsurgicalhealth.com, or email jsimmons@regentsurgicalhealth.com.
About Lodi Memorial Hospital
Lodi Memorial Hospital is a non-profit, independent community-owned hospital that has offered services to residents of its community for 59 years. It has two hospital campuses and a network of primary care and specialty clinics.
About the Lodi Outpatient Surgical Center
The center was opened in 1984 by Lodi Surgical Associates, a group of five local physicians, to perform outpatient surgical procedures.
About the Endoscopy Center of Lodi
Opened in Lodi two years ago to perform endoscopic procedures on an outpatient basis.
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