Merritt Healthcare Advisors (“Merritt”) is pleased to announce the partnership between NorCal Orthopedic Surgery Center (“NorCal” or the “Center”) in San Ramon, CA, and Surgery Partners headquartered in Nashville, TN. NorCal, which was an Out-Of-Network ASC comprised of nine separate operating entities with 25-physcian partners, has partnered with Surgery Partners to leverage their operational expertise and to help the Center go In-Network with payors. The Center’s legal counsel, Ron Grace of Greenberg Traurig, LLP (“GT”), played an integral role alongside Merritt in this transaction by structuring the merger of the nine entities into one ASC and then executing the sale with Surgery Partners.
Cindy James, RN, BSN, Administrator & Partner at NorCal, expressed enthusiasm for the new partnership: “By combining our strengths and leveraging Surgery Partners’ operational resources, we are confident in our ability to optimize the patient experience. By relieving our clinical teams from administrative burdens, we can continue to provide exceptional care and support to our patients with ease and convenience. Without the assistance of Merritt and GT, this partnership would have not been possible.”
“Merritt Healthcare Advisors is pleased to announce this partnership between NorCal Orthopedic Surgery Center and Surgery Partners to better serve their patients of the Bay Area. Cindy James and the physician leadership at NorCal 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 Surgery Partners,” said Richard Searles, Partner at Merritt Healthcare Advisors.
Ron Grace, of Greenberg Traurig, stated after the transaction, “Greenberg Traurig (GT) was pleased to serve as a strategic legal partner to NorCal and Merritt in this important transaction with Surgery Partners. GT’s legal team helped NorCal navigate through the various complex business and legal issues that arose in the transaction, which resulted in a successful closing and a strong partnership between the parties.”
About NorCal Orthopedic Surgery Center
NorCal Orthopedic Surgery Center (“NorCal”) is a 25-physician owned Orthopedic specialty ASC located in San Ramon, CA. The Center was formed through the merger of nine separate operating entities that came together with the objective to partner with a national ASC operator.
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/.
About Greenberg Traurig
Greenberg Traurig, LLP has more than 2650 attorneys in 47 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule 5.0 Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. For additional information on Greenberg Traurig, please visit https://www.gtlaw.com/.
About Surgery Partners
Headquartered in Nashville, Tennessee, Surgery Partners is a leading health services company with a differentiated outpatient delivery model focused on providing high quality, cost-effective surgical care in support of patients, physicians and overall health care value. Founded in 2004, Surgery Partners is one of the largest and fastest growing surgical services businesses in the country, with more than 180 locations in 32 states, including ambulatory surgery centers, surgical hospitals and multi-specialty physician practices. For additional information on Surgery Partners, please visit https://surgerypartners.com/.