News & Press
The latest Physicians Endoscopy news and information.
The latest Physicians Endoscopy news and information.
Langhorne, PA— Physicians Endoscopy, LLC (PE), along with the physicians of the Gastroenterology Group PA, the Center for Colon and Rectal Health, Inc., and St. Mary Medical Center are pleased to announce on December 1, 2016, the organizations finalized a joint venture relationship.
PE, leader in the development and management of GI single-specialty ambulatory surgery centers, acquired a minority interest in The Endoscopy Center at St. Mary (ECSM), making this their 43rd ASC.
The Endoscopy Center at St. Mary is a four-room ambulatory surgery center providing over 5,500 procedures annually. The Center opened for operations in 2006 on the campus of St. Mary Medical Center in Langhorne, PA.
“For the past few years, we had considered partnering with a strategic company to help elevate our center to the next level. Physicians Endoscopy being GI-focused made the most sense. They were able to identify areas to optimize our business, developed an action plan and quickly implemented the necessary changes that have already positively impacted operations within a few short months. Having their support and guidance provides a sense of security knowing they are truly invested in our ongoing success.” John Volpe, DO, Medical Director.
“It has been a pleasure working with the physicians and hospital in helping them to achieve their goals. While the center has been successful for many years, the owners felt a business partner would help to support operations, reduce costs, and implement strategic planning for the next several years as healthcare continues to change.” Carol Stopa, SVP Business Development, Physicians Endoscopy.
“St. Mary Medical Center is excited about this new partnership as we continue to strive to provide the best care for our community.” Maria Scenna, Board Member, St. Mary Medical Center
The Endoscopy Center at St. Mary is a licensed and nationally accredited, ambulatory surgery center serving the southeastern Pennsylvania, central New Jersey and greater Philadelphia communities since 2006.
St. Mary Medical Center, recipient of the America’s 100 Best Hospitals award for three consecutive years, is a 371-bed hospital providing care to generations of families in Bucks County, PA and nearby communities.
Physicians Endoscopy builds collaborative, long-term relationships with physicians and hospitals that positively impact patients, the center and the bottom line. For more information about GI-focused new ambulatory surgery center and hospital joint venture partnerships, visit contact us!
To view the original press release, visit: www.prnewswire.comRead More
Egg Harbor Township, NJ — Physicians Endoscopy, LLC (PE), along with the Physicians of Atlantic Gastro SurgiCenter, LLC, known as ACCESS Surgery Center, are pleased to announce that on November 1, 2016, the two organizations finalized a joint venture relationship. PE acquired a majority interest in ACCESS Surgery Center, making this their 42nd ASC and fifth partnership in the state.
ACCESS Surgery Center, acquired by Physicians Endoscopy, is a four room ambulatory surgery center with two procedure rooms and two operating rooms, performing over 12,500 procedures annually. The multi-specialty center is certified by the Accreditation Association for Ambulatory Health Care (AAAHC) and licensed by the NJ Department of Health. ACCESS provides predominately gastroenterology and pain management services. Specialties such as podiatry, urology, and general surgery along with infusion services are also offered. The Center currently has eight physician owners along with 35 other physician providers practicing at the center.
“Those who know us over our 20 years of operation know we’ll continue to maintain the highest quality and excellence of service, and expand our surgical services, while offering the most competitive fees, as we enter the era of Health Savings Accounts,” Barry Kaufman, MD, Medical Director of the Center.
“It has been a pleasure working with Dr. Barry Kaufman and all physician partners to bring this joint venture to closure. ACCESS has been a thriving center for many years. The owners decided to bring on a strategic business partner to help elevate the center to the next level. We are enthusiastic to work with physicians who have a defined vision in continuing to deliver the highest quality of services in a low cost, efficient setting, and maximizing the ability to provide an array of specialty services to the community,” stated Carol Stopa, SVP, Business Development, Physicians Endoscopy.
ACCESS Surgery Center, located in Egg Harbor Township, NJ, has many physicians who have been named among the nation’s top doctors, including surgical experts from Cooper University Medical Center. It is a facility with a strong presence in Atlantic County. The Center allows for personalized treatment and one-on-one attention coupled with state-of-the-art equipment. For more information, visit www.accesssurgi.com.
Physicians Endoscopy builds collaborative, long-term relationships with partnered physicians that positively impact the center, its patients and bottom line. For more information about developing a new ambulatory surgery center, acquisition and hospital joint venture partnerships, contact us to discuss your center needs with business development at (866) 240-9496.Read More
Three-way joint venture between GGNNJ, Englewood Hospital and Medical Center, and Physicians Endoscopy
Englewood, NJ— The physicians of Gastroenterology Group of Northern New Jersey (GGNNJ) are pleased to announce the opening of Northern New Jersey Center for Advanced Endoscopy (NNJC)—an ambulatory surgery center joint venture between the physicians of GGNNJ, Englewood Hospital and Medical Center (EHMC), and strategic corporate partner Physicians Endoscopy (PE).
NNJC is an 8,500 square foot single-specialty endoscopic ambulatory surgery center with four procedure rooms. The Medicare-certified, state-licensed, and Joint Commission-accredited center is expected to perform more than 9,000 procedures annually. As healthcare reform continues to change, the new center will seek to provide low-cost, high-quality outpatient endoscopic services to the Englewood area community.Read More
Pamlico Capital (“Pamlico”) today announced that Kelso & Company (“Kelso”) has acquired Physicians Endoscopy, LLC (“PE” or the “Company”) in a recapitalization transaction with management. Terms of the transaction have not been disclosed.
Founded in 1998, PE is the leading developer, owner, and manager of endoscopic surgery centers across the United States. The Company currently owns and manages 42 facilities in partnership with over 300 gastroenterologists and 18 health systems. Pamlico acquired PE, in partnership with management, in August 2013, and has supported the Company over the past three years as it has built out an impressive management team, accelerated its acquisitive growth strategy, and driven exceptional organic revenue growth across its portfolio. Under this new partnership with Kelso, Pamlico will be exiting their investment in PE.
Barry Tanner, PE’s CEO, noted, “We are very grateful to the Pamlico team for all that they have done to help us grow. They have allowed us to stay focused on helping physicians deliver high-quality care in the most patient friendly and cost effective setting. Our partnership with Pamlico has been absolutely wonderful. We look forward to continued growth with our new partners at Kelso.”Read More
New York, NY — Physicians Endoscopy (PE) is pleased to announce the addition of pain management services to its partnered ambulatory surgery center. Previously known as East Side Endoscopy, the center has now been officially re-named as East Side Endoscopy and Pain Management Center.
With a growing need to provide pain management services to the Lower Manhattan community, adding this service line onto the Center provides patients with an affordable, low-cost, high-quality care setting in a State licensed, Medicare certified and AAAHC accredited ambulatory surgery center. This new service line is provided in conjunction with one of the leading anesthesia and perioperative and pain management companies in the U.S., North American Partners in Anesthesia (NAPA).Read More
BURLINGTON, NJ – The physicians and staff of Burlington County Endoscopy Center (BCEC) are pleased to announce the formation of a new joint venture between BCEC and Virtua. Built in 2008, BCEC started as a partnership between Gastroenterology Consultants of South Jersey and Physicians Endoscopy, their strategic corporate partner.
Currently, approximately 8,000 procedures a year are performed in this three-room, Medicare certified, state licensed, AAAHC accredited, and ASGE Center of Excellence. As healthcare reform continues to move forward, the expanded partnership with Virtua offers each party increased value—providing the center a large guiding hand through continued healthcare challenges, inclusion in its growing network of outpatient centers, and a lower cost outpatient strategy to provide the highest quality endoscopic services to patients in the greater Burlington County area.Read More
Augusta, GA — Physicians Endoscopy, LLC (PE) along with the physicians of Gastroenterology Consultants of Augusta, are pleased to announce the opening of their newly built ambulatory surgery center—Augusta Endoscopy Center (AGEC).
With a growing demand and need for expanded GI services in the area, AGEC outgrew its two-room facility originally built in 2002. On May 23, 2016, AGEC opened its brand new, state-of-the-art three-room facility conveniently located next door to the previous location. The new center, relocated to 393 N. Belair Road, Building 2, Evans, GA, opened one month ahead of its planned schedule.
Physicians Endoscopy acquired a minority equity ownership in AGEC in 2010. With a strong partnership and solid track record, the Center has enjoyed successful growth over the past six years. The new facility, developed in conjunction with Physicians Endoscopy, is 6,040 square feet and is expected to perform over 8,000 procedures annually. The eleven gastroenterologists affiliated with AGEC provide both therapeutic and diagnostic GI procedures to the Augusta community.Read More
Physicians Endoscopy will be collaborating with The Joint Commission and the Centers for Disease Control and Prevention (CDC) on an initiative designed to adapt, enhance and disseminate CDC guidance related to infection prevention and control in ambulatory health care settings. The goal of this effort, which is supported through a CDC contract, is to create model infection control plans and expand the reach, uptake and adoption of these and other infection prevention and control guidance materials to prevent infections in outpatient settings.Read More
Dekalb, GA — Physicians Endoscopy, LLC (PE), along with the physicians of Dekalb Gastroenterology Associates, LLC, are pleased to announce on December 31, 2015, the two organizations finalized a joint venture relationship.
PE, leader in the development and management of GI single-specialty ambulatory surgery centers, acquired a minority interest in Dekalb Endoscopy Center (DEC), making this their 40th ASC. The physicians of DEC felt it was the right time to incorporate a strategic business partner who could provide professional management and expertise to enhance and help protect the ongoing success of their center.
Dekalb Endoscopy Center is a three-room ambulatory surgery center providing over 5,000 procedures annually. The center opened for operations in 1991, is Medicare certified, State licensed, and AAAHC accredited.Read More
This upcoming Sunday, April 3, 2016, marks the 8th annual Get Your Rear in Gear (GYRIG) Philadelphia. Philadelphia is the location of one of nearly 50 GYRIG events held annually across the country. The Colon Cancer Coalition, the organization that started Get Your Rear in Gear, held the first GYRIG event in March 2005 in Minneapolis, MN. The initiative began in 2004 as one women’s reaction to the loss of her sister to colon cancer at the age of 46.
Through GYRIG events throughout the year, the Colon Cancer Coalition raises funds to increase screening and awareness for colon cancer. Money stays in the local communities where it is raised. GYRIG Philadelphia has been around since 2009–raising significant money for education, research, screenings, treatment and patient care in the Delaware Valley region. GYRIG Philadelphia was started by Maria Grasso, a resident of Mount Laurel, N.J., who decided she would be a warrior on behalf of not only her father and grandfather, but all people affected by colon cancer.
“After losing my grandfather and father to colon cancer, I decided I needed to do something to fight the disease that took them away from me. I was working as a senior sales director at the Philadelphia Convention & Visitors Bureau when I contacted the Colon Cancer Coalition, a non-profit that oversees the continued success of GYRIG events across the United States, with the idea to start an event in the Philadelphia region,” said Grasso.
GYRIG Philadelphia is an annual four-mile run, two-mile remembrance walk and kids’ fun run. The event has grown from 1,200 participants to more than 4,000 with over 200 volunteers. For the past 7 years, Physicians Endoscopy (PE) has been one of the main event sponsors as well as a long time supporter of the Colon Cancer Coalition, in an effort to raise colon cancer awareness. PE centers across the country participate in events such as Get Your Rear in Gear that are local to their community.
Read more about The Colon Cancer Coalition, Get Your Rear in Gear Philadelphia and Maria Grasso’s story in the Winter issue of EndoEconomics! Sign-up to read: http://www.endocenters.com/endoeconomics