[April 21, 2015] |
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National Surgical Healthcare to Acquire a Majority Interest in Optim Healthcare, the Leading Orthopedic Healthcare Provider in Southeast Georgia
National Surgical Healthcare, an owner and operator of surgical
hospitals and surgery centers in partnership with local physicians,
today announced that it has agreed to acquire a majority interest in
Optim Healthcare, headquartered in Savannah, Georgia. Optim is a
fast-growing, integrated, orthopedic-focused health system with a
reputation for clinical excellence and strong brand awareness across the
region. The acquisition, which marks NSH's initial entry into Georgia,
is subject to approval by the U.S. Federal Trade Commission under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other customary
closing conditions. The transaction is expected to be completed in the
second quarter of 2015.
Headed by 27 physician shareholders, and with 20 additional physicians
in its expansive provider network, Optim provides musculoskeletal
healthcare to residents of 19 counties in Southeast Georgia through its
flagship 25-bed orthopedic-focused critical access hospital in
Reidsville and an ambulatory surgery center in Savannah. Optim's network
also includes two 25-bed critical access hospitals in Sylvania and
Millen, seen outpatient physical and occupational therapy clinics, two
full-service imaging centers, and eight rural health clinics. In 2014,
Optim facilities treated more than 62,000 patients.
Commenting on the announcement, David Crane, Chairman and Chief
Executive Officer of NSH, said, "We are pleased to announce this next
step in our company's growth, a transformational partnership with the
leading orthopedic group in Southeast Georgia. With its musculoskeletal
focus and reputation for strong clinical outcomes and high quality
patient care, Optim and NSH are an ideal fit. We are excited about our
new partnership with Optim and look forward to working together to grow
the organization's capabilities and presence throughout the area."
Dr. John George, Optim's lead physician partner, added, "As we
considered the opportunities ahead for Optim and the increasingly
complex business landscape for our practice, we realized that additional
skills and capabilities would be needed to reach our goals and
capitalize on new prospects for growth. We believe National Surgical
Healthcare can deliver the expert management skills, administrative
support, and strategic insight necessary for Optim Healthcare to
continue its journey toward further success. At the same time, this will
ensure that Optim will fulfill its mission of providing patients with
the highest quality care and will continue to provide healthcare to
medically underserved areas in Southeast Georgia."
NSH is a leading owner/operator of musculoskeletal-focused surgical
hospitals and ambulatory surgery centers nationwide. A leader in
clinical outcomes, NSH partners with leading orthopedic surgeons and
neurosurgeons in its 19 facilities across the country to provide
cost-efficient, high-quality patient care. For more information about
NSH, visit the company's website at www.nshinc.com.
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