SpecialtyCare Acquires Intraoperative Neuromonitoring Provider Precedent Health

Acquisition creates nation’s largest and most comprehensive provider
of patient-centered intraoperative neuromonitoring

NASHVILLE, Tenn.–(BUSINESS WIRE)–SpecialtyCare—the nation’s leading provider of outsourced intraoperative
neuromonitoring (IONM), perfusion, and surgical services—announced today
that it has acquired IONM provider Precedent Health. This transaction
extends SpecialtyCare’s market leadership position as the largest and
most comprehensive provider of patient-centered outsourced IONM services
to surgeons, hospitals, surgery centers, and health systems.


With Precedent Health, SpecialtyCare increases the number of associates
available to support cases in our existing markets across the United
States while adding significant new coverage in markets such as Buffalo
NY; New York City, NY; Detroit, MI; and Portland, OR. The company
employs more than 500 IONM professionals supporting over 100,000
procedures annually for more than 725 IONM customers and 2,300 surgeons.

SpecialtyCare CEO, Sam Weinstein, MD, MBA, said, “I am thrilled that
Precedent Health and SpecialtyCare are joining forces. Our shared
commitment towards innovation and continuous improvement will drive
better clinical outcomes for our patients, outstanding customer service
for the surgeons we support, and additional opportunity to improve
financial results for our customers. Combining our resources,
experience, and clinical skills we will undoubtedly create new
opportunities for our clinicians.”

“We are very excited to become part of the SpecialtyCare team,”
Precedent Health’s President and CEO Brian McCollum added. “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.”

“Together, Precedent Health and SpecialtyCare will continue to build on
our history as leading providers of patient-centric neuromonitoring
services,” remarked Jonathan Walters, SpecialtyCare’s President IONM.
“The additional case volume will continue to increase the clinical data
collected in the SpecialtyCare Operative Procedural Registry, SCOPE™,
which is the largest national multi-institutional database of its kind.
This will further refine and enhance SpecialtyCare’s online dashboards,
benchmarks, and analytics driving continuous improvement in clinical
delivery, operational expense, and efficiency.”

About SpecialtyCare

More than 1,200 hospitals and 13,500 physicians trust SpecialtyCare to
help them achieve exceptional care outcomes, regulatory compliance, and
financial results. With nearly 1,500 clinicians supporting over 375,000
procedures annually, we maintain the SpecialtyCare Operative Procedural
Registry (SCOPE™), the largest procedural database of its kind, which we
use to identify standards, determine benchmarks, disseminate best
practices, and foster innovations that improve patient outcomes,
increase efficiencies and minimize costs. We are accredited and
certified by The Joint Commission. By developing expertise beyond
industry requirements, our customers can be certain they have the best
partner for clinical excellence in perfusion, intraoperative
neuromonitoring, autotransfusion, sterile processing management,
surgical assist, and minimally invasive surgical support.

Contacts

SpecialtyCare
Lee Pepper, 615-346-8722
Chief Marketing Officer
lee.pepper@specialtycare.net