Nation’s Largest Urological Services Platform Adds Leading Pacific Northwest Practice
FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–Solaris Health Holdings announced today that Spokane Urology, serving Spokane and Spokane Valley in Washington state, has joined as an affiliate. Terms have not been disclosed.
Spokane Urology, the largest and longest-standing urology practice in Spokane, brings to Solaris the skills and talents of 19 providers who care for 16,500 unique patients each year. The addition of Spokane Urology means that Solaris now aligns the skills and talents of over 615 providers who annually care for over 865,000 unique patients located in 13 states.
Solaris has a clear vision to develop a national platform predicated on clinical excellence and business best practices. The urology practices that join Solaris are choosing to scale nationally and to maintain the highest standards of patient care. They also are gaining access to resources needed to successfully navigate an increasingly complex and consolidated health care system.
“Urologic disease diagnosis and treatment options are rapidly evolving requiring a commitment to leading edge technology while using common-sense and personalized application to our patients’ unique situations,” said Dr. Raymond Lance, President of Spokane Urology. “By working with Solaris we believe we are best positioned to meet the mission of providing comprehensive urologic care to our Northwest neighbors,” he said.
McDermott Will & Emery LLP served as legal counsel to Solaris on the Spokane Urology deal. Kutak Rock LLP served as legal counsel to Spokane Urology and HMA CPA, PS acted as financial advisors.
New York-based Lee Equity Partners is a financial partner in Solaris. Learn more at www.solarishealthpartners.com.
About Solaris Health
Solaris Health is a leading national healthcare platform committed to working with its affiliates to enhance access to specialty healthcare and continually improve patient outcomes. Empowering community providers allows them to make sure that every decision they make puts patient care at the forefront. We are growing to meet the changing needs of the healthcare providers, and to help them develop innovative ways to better deliver value and state-of-the-art care to their patients. Solaris Health is proud to be among the most innovative platforms in the United States.
Visit www.solarishealthpartners.com.
About Spokane Urology
Spokane Urology’s dedicated board-certified urologists and urologic oncologists offer state-of-the-art treatments for a wide variety of ailments, including benign prostatic hyperplasia (BPH), overactive bladder, urinary incontinence, prostatitis, urinary tract infections (UTIs) and kidney stones. The highly-skilled oncologist team offers diagnostic testing for an array of urological cancers, including testicular cancer, bladder cancer, prostate cancer, and kidney cancer. Spokane Urology provides a full complement of men’s health services, including treatment for erectile dysfunction, Peyronie’s disease, and in-office vasectomy procedures.
Visit www.spokaneurology.com
About Lee Equity Partners
Lee Equity Partners, LLC is a New York-based private equity firm that partners with management teams to build companies with strong growth potential. Lee Equity targets equity investments of $50 million to $150 million in middle-market control buyouts and growth capital financings in companies with enterprise values of $100 million to $500 million that are located primarily in the United States. The firm invests within three distinct sectors, financial services, healthcare services, and business services, where the team has developed deep relationships over decades. Additional information is available at www.leeequity.com.
Contacts
Tim Sansbury
timsansbury@cinci.rr.com
513-488-9420
