Regent Surgical and Oregon Surgical Expand Partnership
Regent Surgical Health recently expanded its joint venture partnership with Oregon Surgical Institute (OSI), according to a release. As a result of the agreement, Regent has gained majority ownership of OSI.
“Regent’s increased investment will further enable the world-class clinical team at Oregon Surgical Institute to focus on the delivery of industry-leading care, while also excelling the orthopedic and total joint space in general,” said Jeff Andrews, Regent’s chief operating officer, in the release. “Our evolved partnership was made possible by the trust OSI’s leadership team has placed in us, and this will bolster both value and access by strengthening OSI’s position as a home for the growing list of procedures being delivered through ambulatory surgical centers nationally.”
Regent and OSI first announced their partnership in 2016, establishing one of the first surgery centers in the northwest US designed specifically to treat complex cases and procedures, with a focus on total joint replacement and spine disorders, according to the release. With Regent’s support, OSI’s leadership team has access to resources and insights needed to meet the increasing demand for surgical care outside of the traditional hospital setting while also achieving high scores in quality, safety and team member engagement.
Today, total joint replacements account for nearly 50 percent of procedures performed by OSI’s clinical team, according to the release. Christopher Nanson, MD, and James Ballard, MD, both members of the governing board at OSI, consistently travel throughout and beyond the US to share best practices with their peers, presenting OSI as the standard-bearer for providing a better patient and physician experience at a lower cost.
“As financial challenges continue to intensify for hospitals, opportunities are multiplying for leading providers like Oregon Surgical Institute to perform a growing variety of procedures while serving a wider spectrum of patient acuity,” Nanson said in the release. “Regent’s partnership model ensures our physician leaders can forecast and leverage changing market trends while also maintaining the level of control over processes and clinical protocols to drive patient and employee satisfaction. They are collaborative listeners who have been critical in advancing our vision.”