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The latest in GI news and information.

Steep Rise in U.S. Drug Prices Tied to Patent Monopolies

Letting Medicare and Medicaid negotiate pricing would likely help bring costs down, researchers say

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Pamlico Capital announced that Kelso & Company has acquired Physicians Endoscopy, LLC

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.”

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Physicians Endoscopy Adds Pain Management Specialty to East Side Endoscopy and Pain Management Center

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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).

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Burlington County Endoscopy Center Partners with Virtua

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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.

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