Regent Surgical Health: Company Profile

Background

Overview

Regent Surgical Health, established in 2001, is a leading developer, owner, and manager of ambulatory surgery centers (ASCs) across the United States. The company specializes in forming joint ventures with health systems and physician practices to enhance the delivery of outpatient surgical care. Headquartered in Franklin, Tennessee, Regent Surgical Health has expanded its operations to over 20 states, partnering with numerous healthcare providers to improve access to high-quality surgical services.

Mission and Vision

Regent Surgical Health is committed to redefining surgical care by delivering superior clinical performance, exceptional patient experiences, and operational excellence. The company's vision is to be the partner of choice for health systems and physicians, fostering growth and expanding their presence in the ambulatory surgery market.

Industry Significance

As a pioneer in the ASC sector, Regent Surgical Health has played a pivotal role in transitioning surgical procedures from inpatient hospital settings to outpatient facilities. This shift has led to increased efficiency, reduced costs, and improved patient outcomes, significantly impacting the healthcare landscape.

Key Strategic Focus

Core Objectives

• Expansion of ASC Network: Regent Surgical Health aims to broaden its network of ASCs through strategic partnerships and joint ventures, enhancing access to outpatient surgical care.

• Operational Excellence: The company focuses on optimizing operational processes to ensure high-quality care delivery and financial sustainability.

• Physician and Health System Collaboration: By aligning with physicians and health systems, Regent Surgical Health seeks to create mutually beneficial partnerships that promote growth and innovation.

Areas of Specialization

• Orthopedic and Spine Procedures: Developing centers dedicated to complex orthopedic and spine surgeries, such as total joint replacements and spine disorders.

• Pediatric Surgery: Entering the pediatric ASC market to provide specialized surgical care tailored to children's needs.

Key Technologies Utilized

• Electronic Health Records (EHR): Implementing advanced EHR systems to streamline patient information management and enhance care coordination.

• Data Analytics: Utilizing analytics platforms to monitor performance metrics, identify improvement areas, and support decision-making processes.

Primary Markets Targeted

• Health Systems: Partnering with hospitals and health systems to expand their outpatient surgical capabilities.

• Physician Practices: Collaborating with physician groups to establish and manage ASCs, offering them operational support and shared resources.

Financials and Funding

Funding History

In March 2021, Regent Surgical Health secured a strategic investment from TowerBrook Capital Partners L.P. and Ascension Capital, an investment affiliate of Ascension. This partnership provided additional capital for future growth and positioned Regent as Ascension's exclusive national partner for ASC development.

Total Funds Raised

The exact total funds raised by Regent Surgical Health are not publicly disclosed.

Notable Investors

• TowerBrook Capital Partners L.P.: An international investment management firm specializing in private equity and structured opportunities.

• Ascension Capital: The investment arm of Ascension, one of the nation's largest non-profit and Catholic health systems.

Utilization of Capital

The capital from these investments is intended to support Regent Surgical Health's expansion efforts, enhance operational and technological capabilities, and develop new ASC facilities in partnership with health systems and physician practices.

Pipeline Development

Key Pipeline Candidates

• Oregon Surgical Institute: A center in Beaverton, Oregon, dedicated to outpatient total joint replacements and spine disorders, developed in partnership with West End Surgical ASC and Eleven Surgeons.

• Pediatric Surgery Centers: Joint ventures with Patches Kids Care to develop outpatient pediatric surgery centers, starting with a location in Houston, Texas.

Stages of Development

• Oregon Surgical Institute: Opened in early fall 2016, focusing on complex orthopedic and spine procedures.

• Pediatric Surgery Centers: The first center in Houston is operational, with plans for further expansion.

Target Conditions

• Oregon Surgical Institute: Total joint replacements and spine disorders.

• Pediatric Surgery Centers: General surgery, orthopedic procedures, gastroenterology, gynecology, ophthalmology, ENT surgeries, urology, and dental procedures.

Anticipated Milestones

• Oregon Surgical Institute: Achieved operational status in 2016, with ongoing performance evaluations.

• Pediatric Surgery Centers: Expansion plans include additional locations and service offerings, with timelines dependent on market demand and partnership developments.

Technological Platform and Innovation

Proprietary Technologies

Regent Surgical Health has developed proprietary models for ASC joint ventures, focusing on aligning the interests of hospitals, physicians, and patients to ensure long-term success.

Significant Scientific Methods

• Clinical Guidelines and Protocols: Implementing industry-leading clinical guidelines to drive exceptional patient experiences and outcomes.

• Data Analytics: Utilizing advanced analytics to monitor performance metrics, identify areas for improvement, and support decision-making processes.

Leadership Team

Key Executives

• Travis Messina: Chief Executive Officer. Messina has been instrumental in expanding Regent Surgical Health's partnerships and operational capabilities.

• Jeff Andrews: Chief Operating Officer. Andrews has played a key role in enhancing operational efficiency and overseeing the development of new ASC facilities.

Leadership Changes

Specific details regarding recent leadership changes are not publicly disclosed.

Competitor Profile

Market Insights and Dynamics

The ASC market is experiencing significant growth, driven by the shift towards outpatient care, cost containment efforts, and advancements in surgical technologies. Health systems and private equity firms are increasingly investing in ASCs to expand their outpatient capabilities and improve patient access to surgical services.

Competitor Analysis

• Surgical Management Professionals (SMP): A privately held company specializing in ASC management and development, with a focus on operational efficiency and quality care.

• Proliance Surgeons: A large physician-owned group offering a range of surgical services, including orthopedics and pain management, with a network of ASCs.

• ASCOA: A company providing ASC management services, focusing on enhancing operational performance and financial outcomes for surgical centers.

Strategic Collaborations and Partnerships

Regent Surgical Health has formed strategic partnerships with several health systems and physician groups, including:

• Ascension: In 2021, Regent became Ascension's exclusive national partner for ASC development, facilitating the expansion of outpatient surgical services across Ascension's network.

• Patches Kids Care: A joint venture to develop outpatient pediatric surgery centers, starting with a location in Houston, Texas.

• Oregon Surgical Institute: A partnership with West End Surgical ASC and Eleven Surgeons to develop a center dedicated to outpatient total joint replacements and spine disorders in Beaverton, Oregon.

Operational Insights

Regent Surgical Health's focus on joint ventures allows for shared investment and risk, aligning the interests of hospitals, physicians, and patients. This collaborative approach enhances operational efficiency and fosters innovation in surgical care delivery.

Strategic Opportunities and Future Directions

Strategic Roadmap

• Expansion into Pediatric Surgery: Building upon the partnership with Patches Kids Care, Regent Surgical Health plans to expand its presence in the pediatric ASC market, addressing the unique needs of younger patients.

• Development of Specialized Centers: Continuing to develop centers of excellence for complex procedures, such as total joint replacements and spine surgeries, to meet growing demand for outpatient surgical services.