Four things to know:
1. Spectrum Orthopaedics is a 12-physician group, submitted filings with the Maine Department of Health and Human Services to reorganize as an independent entity.
2. The new practice will be called Clarion View Partners and would retain ownership of an ASC in Portland.
3. The orthopedic group would sell a 50% stake in its ownership to Growth Orthopedics Services for $16 million. The management services organization would support the administration work that Spectrum Healthcare Partners handles.
4. A certificate of need is required for the sale, and the Department of Health and Human Services approved it in October.
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.