Becker's Healthcare August 2, 2024
Francesca Mathewes

Joint-venture developments are becoming increasingly common through the ASC industry as health systems and hospitals recognize the growth potential of opening ASCs.

Recently, Cincinnati-based Bon Secour Mercy Health System, a 48-hospital Catholic system, teamed up with Raleigh, N.C-based Compass Surgical Partners to build out more than 30 ASCs.

The joint venture will develop ASCs across Compass’ reach in Kentucky, Ohio, South Carolina, Virginia, Maryland, New York and Florida. Compass has already built a network of more than 250 ASCs over the last 30 years.

For David Cannady, chief strategy officer of Bon Secours Mercy Health, having a partner with strong expertise in the ASC world is key in his development strategy.

“We are focused on ensuring...

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