SpecialtyCare has acquired intraoperative neuromonitoring (IONM) provider Precedent Health for an undisclosed amount.
Image: SpecialtyCare IONM President Jonathan Walters, Precedent Spine President & CEO Sam Weinstein, SpecialtyCare CEO, Brian McCollum. Photo: Courtesy of Business Wire.
The acquisition of Precedent Health increases the number of associates available to support cases in SpecialtyCare’s existing markets in the US.
It will also add new coverage in markets such as Buffalo and New York City, New York, Detroit, Michigan and Portland, Oregon.
The company employs over 500 IONM professionals supporting more than 100,000 procedures annually for more than 725 IONM customers and 2300 surgeons.
SpecialtyCare CEO Sam Weinstein said both the firms shared commitment towards innovation and continuous improvement will drive better clinical outcomes for the company’s patients, outstanding customer service for the surgeons it supports, and additional opportunity to enhance financial results for customers.
“Combining our resources, experience, and clinical skills we will undoubtedly create new opportunities for our clinicians,” Weinstein said.
SpecialtyCare said it will continue to build on its history of providing patient-centric neuromonitoring services with Precedent Health.
The additional case volume will continue to increase the clinical data collected in the SpecialtyCare Operative Procedural Registry, (SCOPE), further improving SpecialtyCare’s online dashboards, benchmarks, and analytics driving continuous improvement in clinical delivery, operational expense, and efficiency.
Precedent Health president and CEO Brian McCollum said: “We are very excited to become part of the SpecialtyCare team. Their focus on investing in the growth of their associates, and their customer-oriented approach to surgeons and hospitals justify my confidence that this merger will provide tremendous benefits for our patients, our team and our customers.”
SpecialtyCare services are used across more than 12,000 and 13,500 physicians to achieve better care outcomes, regulatory compliance and financial results.
There are nearly 1,500 clinicians support more than 375,000 procedures annually.
Earlier this year, SpecialtyCare unveiled plans to expand its headquarters in Brentwood. The healthcare company plans to create 124 new jobs in Tennessee.
The company plans to consolidate various locations to a 40,000ft² facility within the Eastpark Office Park in Maryland Farms in Brentwood.