Where Private Equity Meets Physician-Owned Hospitals
June 19, 2013, 1:23 PM EDT
Law360, New York (June 19, 2013, 1:23 PM EDT) -- Physician-owned hospitals have interested private equity investors for several years. For example, private equity firm Welsh Carson Anderson & Stowe formed United Surgical Partners International (USPI) in 1998, and since then it has taken the company public twice (in 2001 and 2012) and private once (in 2007). USPI operates more than 200 short-stay surgical facilities, including both ambulatory surgery centers and physician-owned hospitals.
Likewise, in 2011 Irving Place Capital acquired National Surgical Hospitals, which owns and operates surgical hospitals and ambulatory surgical centers in 10 states....