BUSINESS NEWS
Regent Surgical Health Partners with Ascension Capital
MARCH 2021
Regent Surgical Health, headquartered in Chicago, Illinois, and Nashville, Tennessee, will be the exclusive national partner for ASC development for Ascension Capital, a nonprofit and Catholic health system, according to a March 4 press release. Through this partnership, Regent and Ascension will develop or acquire and operate ASCs across the communities Ascension serves, providing patients with convenient access to high-quality outpatient surgical services.
“This partnership with Regent will allow us to expand our ambulatory surgery center footprint and create even greater access to quality care in the markets we are privileged to serve,” said Craig Cordola, executive vice president and chief operating officer of Ascension, in the release. “We believe the convenience and exceptional patient and physician experience will make a difference in our communities.”
Regent will use capital investment from TowerBrook and Ascension Capital to further grow its management team as well as enhance its operational and technology capabilities to support both existing and new health system and physician partners, according to the release. In addition, TowerBrook and Ascension Capital have committed significant incremental growth capital to support Regent’s role in assisting its health system partners in modernizing their surgical systems through both ASC acquisition and new developments.
“We are incredibly excited to partner with TowerBrook and Ascension, who collectively bring a depth of investment expertise, system relationships and clinical excellence, to build on our existing capabilities and to launch our next phase of growth,” said Chris Bishop, chief executive officer of Regent Surgical Health, in the release. “As technology-driven innovations have facilitated a migration of many routine surgical procedures into outpatient and ambulatory settings, our vision is to become the ASC management partner of choice to the nation’s leading health systems, enabling them to provide seamless and superior care to the patients they serve.” 