BASSS Surgery Center Majority Sale to United Surgical Partners International

0 minutes read

Merritt Healthcare Advisors (“MHA”) is pleased to announce the partnership between Bay Area Surgical Specialist Services, LLC d/b/a BASS Surgery Center (“BASSS” or the “Center”) in Walnut Creek, CA and United Surgical Partners (“USPI”) headquarted in Dallas, TX.  Founded in 2016, BASSS is a multi-specialty Ambulatory Surgery Center with 30+ physician partners, and professionally managed by the BASS Medical Group. Through this transaction, USPI aquired majority ownership and management rights of the Center.

Inez Wondeh, President & CEO of BASS Medical Group, expressed enthusiasm for the Center’s new partnership: “By combining the BASSS physicians with USPI’s operational resources, we are confident in the partnership’s ability to optimize the patient experience. By relieving BASSS’s clinical teams from administrative burdens, physicians can continue to provide exceptional care and support to patients with ease and convenience. Without the assistance of Merritt Healthcare Advisors, this partnership would have not been possible.”

“Merritt Healthcare Advisors is pleased to announce this partnership between the BASS Surgery Center and USPI to better serve their patients of the Bay Area. The physician leadership at BASS Surgery Center have built not only a spectacular center, but one that is well-positioned to provide high-quality care to patients for many years to come through its new partnership with USPI,” said Zak Eisenberg, Vice President at Merritt Healthcare Advisors.

About Bay Area Surgical Specialist Services, LLC
Founded in 2016, Bay Area Surgical Specialist Services, LLC is a 9,700+ sqft multispecialty Ambulatory Surgery Center (primarily Pain Management, Orthopedic Surgery, General Surgery, and ENT) with 4 Operating Rooms in Walnut Creek, CA. The facility is currently utilized by 50+ providers, including 30+ physician partners, and is professionally managed by the BASS Medical Group. For additional information on Bay Area Surgical Specialist Services, LLC, please visit https://basssurgerycenter.com/.

About Merritt Healthcare Advisors
Merritt Healthcare Advisors is the leading provider of merger and acquisition services for healthcare businesses, including surgery centers, physician practices, and ancillary service providers. As the only M&A advisory firm with active clinical operations, Merritt has an unmatched perspective when it comes to obtaining optimal valuation for our clients. Having completed more than $5 billion in healthcare transactions across the United States since 2005, Merritt helps clients realize the true value of their assets, source relationships of strategic value, and ultimately manage the process of achieving a successful transition. The Principals of Merritt acted in their capacity as licensed investment banking agents of Burch & Company, Inc., member FINRA/SIPC. For additional information on Merritt Healthcare Advisors, please visit https://merrittadvisory.com/.

← Back to Thought Leadership
Transactions

BASSS Surgery Center Majority Sale to United Surgical Partners International

Merritt Healthcare Advisors (“MHA”) is pleased to announce the partnership between Bay Area Surgical Specialist Services, LLC d/b/a BASS Surgery Center (“BASSS” or the “Center”) in Walnut Creek, CA and United Surgical Partners (“USPI”) headquarted in Dallas, TX.  Founded in 2016, BASSS is a multi-specialty Ambulatory Surgery Center with 30+ physician partners, and professionally managed by the BASS Medical Group. Through this transaction, USPI aquired majority ownership and management rights of the Center.

Inez Wondeh, President & CEO of BASS Medical Group, expressed enthusiasm for the Center’s new partnership: “By combining the BASSS physicians with USPI’s operational resources, we are confident in the partnership’s ability to optimize the patient experience. By relieving BASSS’s clinical teams from administrative burdens, physicians can continue to provide exceptional care and support to patients with ease and convenience. Without the assistance of Merritt Healthcare Advisors, this partnership would have not been possible.”

“Merritt Healthcare Advisors is pleased to announce this partnership between the BASS Surgery Center and USPI to better serve their patients of the Bay Area. The physician leadership at BASS Surgery Center have built not only a spectacular center, but one that is well-positioned to provide high-quality care to patients for many years to come through its new partnership with USPI,” said Zak Eisenberg, Vice President at Merritt Healthcare Advisors.

About Bay Area Surgical Specialist Services, LLC
Founded in 2016, Bay Area Surgical Specialist Services, LLC is a 9,700+ sqft multispecialty Ambulatory Surgery Center (primarily Pain Management, Orthopedic Surgery, General Surgery, and ENT) with 4 Operating Rooms in Walnut Creek, CA. The facility is currently utilized by 50+ providers, including 30+ physician partners, and is professionally managed by the BASS Medical Group. For additional information on Bay Area Surgical Specialist Services, LLC, please visit https://basssurgerycenter.com/.

About Merritt Healthcare Advisors
Merritt Healthcare Advisors is the leading provider of merger and acquisition services for healthcare businesses, including surgery centers, physician practices, and ancillary service providers. As the only M&A advisory firm with active clinical operations, Merritt has an unmatched perspective when it comes to obtaining optimal valuation for our clients. Having completed more than $5 billion in healthcare transactions across the United States since 2005, Merritt helps clients realize the true value of their assets, source relationships of strategic value, and ultimately manage the process of achieving a successful transition. The Principals of Merritt acted in their capacity as licensed investment banking agents of Burch & Company, Inc., member FINRA/SIPC. For additional information on Merritt Healthcare Advisors, please visit https://merrittadvisory.com/.

Contact Merritt

Start the conversation with Merritt Healthcare Advisors

Our leadership team welcomes the opportunity to understand your objectives and discuss strategic options for your organization.

Matt Searles, MBA

Partner

msearles@merrittadvisory.com

Rich Searles

Partner

rsearles@merrittadvisory.com

Chris Carlesi

Partner

ccarlesi@merrittadvisory.com

Jay Pruzansky, DPM, MBA

Managing Director – Business Development

jay@merrittadvisory.com

Tim Plachta

Managing Director - Behavioral Health

tplachta@merrittadvisory.com

Connecticut Office
63 Copps Hill, 22A
Ridgefield, CT 06877

West Coast Office
521 Bachman Ave
Los Gatos, CA 95030

Unlock all insight: Gain insights from the healthcare industry’s leading M&A experts

Share

Related Content

MHA Welcomes The Opportunity To Begin A Dialogue To Better Understand Your Personal And Business Objectives, Discuss The Options Available To You, Provide You With Our Industry Knowledge And Insight And Act As A Resource For Your Organization.

Schedule Your Appointment Today

Gain insights from the healthcare industry’s leading M&A experts

Merritt Healthcare Advisors (“MHA”) is focused exclusively on representing owners of middle-market healthcare businesses considering strategic options, whether selling an interest in their organization, creating a new partnership or growing through acquisition.