Entrepreneurial brothers Robert and Ned Schwing, along with Silversmith Capital Partners, have established new healthcare company Partners Surgical Corporation (PSC).
Silversmith and affiliates have agreed to provide around $100m to develop infrastructure, in addition to supporting growth and expansion of the new entity.
The new company will involve in the acquisition, development and management of multi-specialty ambulatory surgery centers (ASCs) across the US.
Based in Houston of Texas, PSC will focus on developing specialties such as orthopedics, neurosurgery, and pain management.
Earlier, Ned and Robert Schwing founded National Cardiovascular Partners (NCP), which is an outpatient cath lab and ASC partnership venture that includes 24 facilities in six states.
PSC executive chairman and co-founder Ned Schwing said: "At present, there are a number of large ASC companies in US. It is rare to find one that focuses on the physicians' interests and rarer still to find a company whose sole purpose is dedicated to the relationship side of the business.
“The ASC business has changed so dramatically and quickly over the last several years that medical professionals find themselves overloaded with administrative imperatives.”
Silversmith managing director Jeff Crisan said: “We strongly believe both in the concept of Partners Surgical and in the skill and stewardship of the team behind it.”