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Physicians Endoscopy Acquires Minority Stake in Great South Bay Endoscopy

04:15 EDT 6 Jun 2017 | PR Newswire

EAST PATCHOGUE, N.Y., June 6, 2017 /PRNewswire/ -- Physicians Endoscopy (PE) is pleased to announce the acquisition of Great South Bay Endoscopy (GSBE). Finalized on May 12, 2017, Physicians Endoscopy will provide a full range of ASC services working exclusively on the business and operational components of the Center.

Great South Bay Endoscopy, a two-room ambulatory surgery center located in East Patchogue, NY, opened in 2014. The Center performs over 5,000 cases annually and currently has five physician providers affiliated with Brookhaven Gastroenterology Associates.

"Partnering with a management company to bring our center to the next level was a no-brainer. We had considered it for a while and then decided that it was the right next step for us as we try to navigate the changing health care environment. Since Physicians Endoscopy deals with GI-specific ambulatory endoscopy centers, we know that we'll get the specialized attention that we need to reach our full potential. Their knowledge and skill in addressing management and regulatory challenges in a changing practice environment will couple well with our experience on the practice front. The partnership will help us further provide high quality, safe, and cost-effective medical care to our patients." Ravi Singh, MD, GSBE Medical Director.  

"The physicians of Brookhaven Gastroenterology Associates are committed to delivering the highest level of patient care while being the low-cost provider in the market.  They sought to align with a corporate partner who shared their values and could provide the expertise to help them accomplish their goals.  The doctors also desired a partner who would work with the local hospital to create a joint venture that aligned both the physicians' goals and the hospital's desire to deepen the relationship with the top gastroenterology group in their service area. We look forward to working hand in hand on this venture to grow the business together." Jeff Fox, VP Business Development, Physicians Endoscopy.

MORE INFORMATION

Physicians Endoscopy is a nationally recognized development and management partner for GI-focused ambulatory surgery centers. The company currently operates 58 partnered facilities in 15 states with 23 different hospital systems—building collaborative, long-term relationships with partnered physicians that positively impact the center, its patients, and the bottom line. For more information, visit www.endocenters.com or contact (866) 240-9496.

Great South Bay Endoscopy is a state-of-the-art facility dedicated to bringing advanced endoscopy procedures to the people of Suffolk County, NY. Their mission is to create a warm, professional environment that fosters compassion, staffed by a team of specialists totally focused on the care, safety, and individual needs of their patients. Committed to providing the highest quality specialty care in the fields of gastroenterology, hepatology, and gastrointestinal endoscopy, GSBE offers a complete range of advanced diagnostic services including upper endoscopy for conditions such as heartburn and hiatal hernia, and for the evaluation of gastroesophageal acid reflux (GERD) evaluation. Endoscopy procedures enable the diagnosis and treatment of Barrett's esophagus, Celiac disease, and peptic ulcer disease, as well as evaluate gastrointestinal (GI) bleeding and anemia, diagnose tumors of the upper intestines, and even dilate structures in the GI tract. They also perform colonoscopy and flexible sigmoidoscopy procedures to screen for colon cancer and diagnose lower GI tract problems.  For more information, visit http://www.greatsouthbayendo.com.

Media Contact:
Carol Stopa
(215) 589-9018

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/physicians-endoscopy-acquires-minority-stake-in-great-south-bay-endoscopy-300468323.html

SOURCE Physicians Endoscopy

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