Banner Health, a Phoenix-based health system, invested in surgery center development company Atlas Healthcare Partners. Becker’s reports.
Atlas previously formed a joint venture with Banner in 2018 to develop and operate ASCs in Arizona, Colorado and Wyoming, triggering a 155 percent volume growth and 475 percent revenue growth. The partnership took Atlas from eight ASCs to 26 centers nationwide.
The most recent investment will help the Banner-Atlas joint venture grow to more than 50 ASCs by the end of 2025.
Atlas in partnership with Banner opened three new ambulatory surgical centers in Arizona last year. Read more.
