Cleveland Clinic and Regent Surgical are working together to build ambulatory surgery centers.
The nonprofit health system and the ASC developer announced a joint venture Wednesday. Cleveland Clinic is the majority owner of the venture, which will feature the Cleveland, Ohio-based system's brand, according to a news release. The system did not say how many facilities will be built or when they will open.
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“Ambulatory surgery centers provide an important setting for health systems to expand access to surgeries and to be more efficient in the delivery of services,” Cleveland Clinic CEO and President Dr. Tom Mihaljevic said in the release.
Health systems across the country have built more ASCs over the last several years. The centers can offer a growing number of procedures as regulations change and technology improves. Services typically cost less and feature shorter stays than a hospital visit and ASCs can boost physician affiliations through joint ownership models.
Regent, which operates and manages ASCs with health systems across 13 states, has also formed joint ventures with King of Prussia, Pennsylvania-based Universal Health Services, St. Louis-based Ascension, Detroit-based Henry Ford Health, Renton, Washington-based Providence, Boston-based Mass General Brigham and other systems.
