Four things to know:
1. On June 25, some of the seven OrthoAspen surgeons received notification that Steadman would not extend contracts to them.
2. Aspen Valley Hospital sent the OrthoAspen surgeons six-month termination notices on June 1, allowing The Steadman Clinic to negotiate separately with each surgeon. Negotiations are taking place with surgeons that the Steadman Clinic identified for inclusion.
3. The Steadman Clinic has not released the names of the OrthoAspen surgeons joining the practice, but said it will release plans when negotiations are finalized.
4. The acquisition is expected to be finalized by December.
More articles on orthopedics:
Orthopedic groups scraped by under elective surgery bans: 6 industry insights
The spine field 5 years from now: 3 surgeons on data collection, bundled payments & more
Rothman Orthopaedics launches foundation to combat opioid epidemic
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.