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May 03, 2022 01:34 PM

Banner Health invests in Atlas Healthcare Partners

Max Abrams
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    Banner Health is investing in ambulatory surgical center developer Atlas Healthcare Partners, the companies announced Tuesday.

    The deal builds on the four-year-old Banner Surgery Center collaboration between the two Phoenix-based companies and will enable Banner Health to double the number of ambulatory surgical centers in its not-for-profit system by 2025, according to a news release. The partners didn't disclose financial terms.

    "Our multi-level partnership with Banner serves as an innovative model for other health systems seeking to develop and implement a fully integrated ASC strategy that aligns all parties: health system, management company, physicians, patients and communities," Atlas Healthcare Partners CEO Aric Burker said in a news release.

    Health systems have increasingly invested in ambulatory surgical centers, which can perform procedures at lower cost than hospitals. Referring patients to these alternate sites also frees up inpatient beds. Moreover, these joint ventures help health systems attract and retain top physicians.

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    • News
      • Current News
      • Providers
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      • Technology
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      • Transformation
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        • Operations
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        • Payment
      • ESG
      • People
      • Regional News
        • Midwest
        • Northeast
        • South
        • West
      • Digital Edition (Web Version)
    • Blogs
      • AI
      • Deals
      • Layoff Tracker
      • HIMSS 2023
    • Opinion
      • Breaking Bias
      • Commentaries
      • Letters
      • From the Editor
    • Events & Awards
      • Awards
        • Nominate/Eligibility
        • 100 Most Influential People
        • 50 Most Influential Clinical Executives
        • Best Places to Work in Healthcare
        • Excellence in Governance
        • Health Care Hall of Fame
        • Healthcare Marketing Impact Awards
        • Top 25 Emerging Leaders
        • Top Innovators
        • Diversity in Healthcare
          • - Luminaries
          • - Top 25 Diversity Leaders
          • - Leaders to Watch
        • Women in Healthcare
          • - Luminaries
          • - Top 25 Women Leaders
          • - Women to Watch
      • Conferences
        • Digital Health Transformation Summit
        • ESG: The Implementation Imperative Summit
        • Leadership Symposium
        • Social Determinants of Health Symposium
        • Women Leaders in Healthcare Conference
      • Galas
        • Best Places to Work Awards Gala
        • Health Care Hall of Fame Gala
        • Top 25 Diversity Leaders Gala
        • Top 25 Women Leaders Gala
      • Virtual Briefings
        • - Hospital of the Future
        • - Value Based Care
        • - Hospital at Home
        • - Workplace of the Future
        • - AI and Digital Health
        • - Future of Staffing
        • - Hospital of the Future (Fall)
      • Webinars
    • Multimedia
      • Podcast - Beyond the Byline
      • Sponsored Podcast - Healthcare Insider
      • Sponsored Video Series - One on One
      • Sponsored Video Series - Checking In with Dan Peres
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      • Hospital Financials
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