December 21, 2016
Northwell’s 7th Surgery Partnership
Long Island Business News
December 20, 2016
Northwell Health Takes majority Stake in Surgery Center
In its seventh such joint venture, New Hyde Park-based Northwell Health has acquired a 70 percent stake in the Suffolk Surgery Center, a freestanding, multi-specialty outpatient practice at 1500 William Floyd Pkwy. in Shirley.
The center’s nine physician owners continue to retain a 30 percent stake in the facility that specializes in general, ophthalmologic, orthopedic, gastroenterology, podiatric, pain management and colorectal surgeries.
The deal, for which terms weren’t disclosed, is the latest done through Northwell Health’s planning and ventures department and part of its expansion in Suffolk County.
“The Suffolk Surgery Center transaction is part of a broad-based strategy that we’ve been rolling out,” said Dr. Rob Scoskie, managing director of Northwell Ventures, the organization’s arm charged with forming partnerships and joint ventures. “We’ve been given a directive by our senior leadership to re-imagine ambulatory surgical services.”
Nearly 40 surgeons are credentialed to perform surgery at the 8,500-square-foot center that serves nearly 7,000 patients annually with four operating rooms, eight post-anesthesia care unit beds and four pre-operative beds.
“We’ll expand that over time as we develop that market,” Scoskie said of physicians credentialed to operate at the facility.
Northwell Health Chief Medical Officer Dr. David Battinelli called the joint venture “another clear example of how we’re partnering with physicians.”
Dr. John Passarelli, the surgery center’s managing partner, said his organization was happy to form a joint venture partnership “with the largest health system on Long Island.”
This the seventh joint-venture the system has done with a surgery center as Northwell Health seeks to grow its ambulatory surgery operations.
The system plans to open nearly 20 more ambulatory surgical centers throughout the New York metropolitan area, including eastern Suffolk, over the next several years.
“Suffolk is important to the expansion of our footprint and our commitment to serve the Suffolk marketplace,” Scoskie added of the expansion both east and west.
The system already has set up ambulatory surgery joint ventures with SurgiCare of Manhattan, Endoscopy Center of Long Island in Garden City, Garden City SurgiCenter, South Shore Surgery Center in Bay Shore, the Digestive Health Center of Huntington and Richmond ASC in Staten Island.
“Most of these ventures are us buying in through a cash transaction,” Scoskie added. “The strategy is to align out strategic, financial and service interests with those of high-quality surgeons in the market. We own these facilities in partnership with our surgeons.”
Northwell Health, which needs state approval to open or take over stakes in ambulatory surgery centers, recently was approved to develop a new ambulatory surgery center in Syosset in partnership with physicians.
The system also submitted an application to the state to acquire a 51 percent stake in the Melville Surgery Center, an ambulatory surgery center in Melville.
Northwell Health also is building two ambulatory surgery centers in partnership with physicians in Manhattan, including Greenwich Village and in Midtown on Manhattan’s West Side.
The system also has joint ventures in urgent care, dialysis services, radiation oncology is it seeks to expand via partnership.
“We’re contemplating activity in other areas like sleep centers and sleep labs, radiology services,” Scoskie said. “It’s part of growing our ambulatory footprint, knowing i t’s more convenient for patients to receive these services outside the traditional hospital setting.”
He said that the system’s involvement ensures quality, while also helping winning over patients in areas such as urgent care.
“It’s being connected through a medical perspective to our organization,” Scoskie said of urgent care. “If there’s necessary follow up care, we have a broad base of physicians.”
The system has roughly 40 urgent care centers set up in partnership with Access Clinical Partners, being run under the name Go Health.
Northwell Health operates 21 hospitals and more than 550 outpatient facilities, caring for more than 2 million people annually
It employs 61,000, including 15,000 nurses and nearly 3,400 physicians with nearly 3,000 as part of Northwell Health Physician Partners, a multi-specialty group practice.
Crain’s Health Pulse
December 21, 2016
Northwell Buys Majority Stake in Suffolk Surgery Center
Continuing to expand its outpatient services, Northwell announced Tuesday it has taken a 70% stake in Suffolk Surgery Center, its seventh such partnership with surgeons in an ambulatory surgery facility. The multispecialty, outpatient center, located at 1500 William Floyd Parkway in Shirley, L.I., spans 8,500 square feet and has nine physician partners. It has four operating rooms, eight post-anesthesia care unit beds and four pre-operative beds. Northwell has five more ambulatory surgery centers in various stages of development on Long Island and in Manhattan, said Robert Scoskie, managing director of Northwell Ventures. In some cases, Northwell is building out new facilities in partnership with surgeons; in other cases, its buying a majority stake in an existing enterprise. Northwell already had physician relationships in Shirley because of its proximity to Northwell's Southside Hospital in Bay Shore, said Scoskie. "We got comfortable around entering an agreement to purchase a majority stake in that facility," he said. With these new joint ventures, Northwell aims to enhance patient access, improve quality of care and find ways for "clinical linkages and synergies," Scoskie said. "We're kind of taking the best of both worlds, the ambulatory model that physicians created and our quality management.”
December 20, 2016
Northwell Health Acquires Majority Stake in Suffolk Surgery Center