Compass Surgical Partners to Address Increasing Healthcare Costs with Strategic Investment from Health Velocity Capital
Summary
Over the past few years, this trend has accelerated even faster with new technology, the adoption of safer and more effective techniques in anesthesia, and surgeons increased experience in non-hospital settings. "Given the tailwinds in the market, we saw a window to further catalyze opportunities to develop high-quality ambulatory surgery centers with trusted partners," said DJ Hill, CEO of Compass. "Our team has developed and managed more than 250 ambulatory surgery centers over the course of our careers, and we have high conviction that the outpatient migration is accelerating and that providers deserve dedicated, independent partners to deliver superior clinical and financial results. Partnering with Health Velocity Capital will benefit our joint ventures, as the firm has deep expertise in rapid innovation deployment and shares our belief in the importance of high-quality ASCs." Compass has deep expertise in outpatient orthopedics and spine, with over 250 ambulatory surgery centers (ASCs) developed by our team members over several decades.