Stryker Corp. announced a definitive agreement to acquire privately held Ascent Healthcare Solutions Inc. Stryker will acquire Ascent for $525 million in an all cash transaction, a release said. The company is headquartered in Phoenix, Arizona, with production facilities in both Lakeland, Florida and Phoenix, Arizona. This site complies with the HONcode standard for trustworthy health information: verify here. Portfolio. News-Medical.Net provides this medical information service in accordance Ascent Healthcare Solutions Stryker Oscillating & Sagittal Blade - Reprocessed Sterile device -- Powered Saw and Accessories. Copyright © Ascent Health Solutions, Inc. 2022. Stryker made about $12.4 billion in 2017. The Company's products include implants used in joint replacement, trauma, craniomaxillofacial and spinal surgeries; biologics; surgical, neurologic, ear, nose & throat and interventional pain equipment; endoscopic, surgical navigation, communications and digital imaging systems; as well as patient handling and emergency medical equipment. The American Hospital Association and American Medical Association are among the 11 organizations signing the letter. Its total revenue was up $3.2 billion in early 2018. Retrieved on November 09, 2022 from https://www.news-medical.net/news/20100103/Stryker-acquires-Ascent-Healthcare-Solutions.aspx. With over 900 team members, Ascent achieved sales in 2008 in excess of $100 million. Schedule APractice Profitability Evaluate your practice to identify revenue opportunities. Stryker. The sales growth was an average of 5.6 percent above competitors. This reflects the excellent service we provide our clients and the true value they receive. "Conducted in accordance with FDA regulations, reprocessing and remanufacturing is one of the most impactful programs in use at hospitals, allowing for significant costs savings to the healthcare system. Ascent will become a division of Stryker operating under the MedSurg group of businesses and will continue to be known as Ascent Healthcare Solutions. Ascents industry-leading HR program leverages highly progressive Recruitment and Training policies that have helped establish us as a respected employer of choice validated by a 7% attrition rate over the last three (3) years! Ascent Healthcare Solutions, Inc. is an independent third-party reprocessor of single-use medical devices in the healthcare industry. Stryker works with respected medical professionals to help people lead more active and more satisfying lives. Under the terms of the agreement, Stryker will acquire Ascent Healthcare Solutions for $525 million in an all-cash transaction. Try For Free 1 reprocessor of single-use medical devices in the country, according to a release from Stryker. between patient and physician/doctor and the medical advice they may provide. Doctor groups turn up heat on Congress to halt 2023 pay cuts after final CMS rule. BVI Medical was founded in 1965 and is based in Waltham, Massachusetts. Informa Markets, a trading division of Informa PLC. News-Medical. Stryker Corp. (NYSE:SYK) is getting into the medical device reprocessing and remanufacturing business with a bang, closing its $525 million cash on Ascent Healthcare This is Strykers 10th largest (disclosed) transaction. Looking for an orthopaedic doctor near Ashburn, VA? The company surpassed $12 billion in total revenue for the first time in 2017. Improving the Patient Financial Experience Throughout the Patient Journey. No subscriptions were selected or subscribe error happened.Please contact the customer service. The transaction, which is expected to close by year end 2009, is expected to be neutral to Stryker's 2010 earnings per share and accretive thereafter. 101 Eisenhower Parkway, Suite 300 Roseland, NJ 07039Ph : 888-552-0860 Fax : 203-286-2274. The business will become a division of Stryker operating under the MedSurg group of businesses and will continue to be known as Ascent Healthcare Solutions. Strykers Sustainability Solutions (SSS) is the leading provider of reprocessing and remanufacturing services for single-use medical devices. Reprocessing of single-use medical devices (SUDs) is the practice of inspecting, cleaning, function testing, sterilizing and packaging so that they can be clinically and safely used again. Contact Email [emailprotected] Phone Number 888 888 3433. How can your practice collect more revenuewith less effort. Our compassionate Patient Interaction is Best-in-Class, We easily adapt to shifts in Payment Models. Ascent Healthcare Solutions was formed through the 2005 merger of Vanguard Medical Concepts and Alliance Medical Corporation, two leading players in the reprocessing and remanufacturing of medical devices. While working in both the production and human resource departments I learned quickly that everyone was a family and interacted with one another. About Stryker Stryker Corporation announced a definitive agreement to acquire privately held Ascent Healthcare Solutions, Inc. the market leader in the reprocessing and remanufacturing of Stryker Corporation today announced a definitive agreement to acquire privately held Ascent Healthcare Solutions, Inc. the market leader in the reprocessing We use cookies to enhance your experience. This is Strykers 6th transaction in the United States. BVI Medical is a global developer, manufacturer, and marketer of specialized surgical devices for ophthalmic procedures. See reviews, photos, directions, phone numbers and more for Ascent Audiology Hearing locations in Leesburg, VA. With two state of the art reprocessing facilities in Phoenix, Arizona and Lakeland, Florida, Ascent currently provides its services to 1,800 leading hospitals and numerous Group Purchasing Organizations throughout North America. All rights reserved. At Ascent We Provide outsourced Medical Billing & Coding, Dental Billing Services to Hospitals, Physician offices and a variety of other Healthcare Organizations. The transaction, which is expected to close by year end 2009, is expected to be neutral to Stryker's 2010 earnings per share and accretive thereafter. RoundTable Healthcare Partners is a specialist private equity firm that targets equity and junior capital investments in the healthcare industry. Stryker Corporation today announced the closing of its previously announced acquisition of Ascent Healthcare Solutions, the market leader in the reprocessing and "The acquisition of Ascent Healthcare Solutions with its talented team will enhance our value proposition to hospitals and healthcare providers," said Stephen P. MacMillan, Stryker's Chief Executive Officer. Ascent Healthcare Solutions was created in December, 2005 through the merger of Alliance Medical Corporation, Which proven Best Practices can best help yourpractice thrive? The transaction is expected to close by year end 2009. RoundTable was formed in 2001 and is based in Lake Forest, Illinois. Under the terms of the agreement, Stryker will acquire Ascent Healthcare Solutions for $525 million in an all cash transaction. Acquiring Organization: Stryker Stryker is a medical technology company that offers products and services in orthopaedics. Search now. Stryker Corporation Stryker Corp. announced a definitive agreement to acquire privately held Ascent Healthcare Solutions Inc. Stryker will acquire Ascent for $525 million in an all cash transaction, a release said. The Ascent healthcare solution includes new elevated accessibility seats with easy-to-read signage and a removable click-on-off cushion. As indicated in the November 30, 2009 press release, Ascent will become a division of Stryker operating under the MedSurg group of businesses and will continue to be known as Ascent Healthcare Solutions. Number 8860726. Ascents unparalleled service delivery and quality is made possible through our Best-of-Breed protocols spanning across our Engagement Process, Quality Management, Training and Compliance programs. Our client retention rate over the past seven (7) years has been 100%, and the bulk of our growth since inception has been from existing client referrals. Specific areas of interest include medical devices, medical products and disposables, specialty pharmaceuticals, medication delivery systems, specialty distribution, and outsourced healthcare services. 12/3/2009. on this website is designed to support, not to replace the relationship Stryker Corp. has acquired Ascent Healthcare Solutions, a reprocessor and remanufacturer of medical devices, for $525 million in cash, according to the Kalamazoo, Mich., firm. Ending racism in healthcare often begins with medical education - and is the target of a new national project. While many healthcare providers believe that improving the patient financial experience is a critical step for their organization, few have done so successfully. Major life stressors may worsen long COVID symptoms, Cloned SIA licenses led to unlicensed people working as hospital security during pandemic, Abortion issue helps limit Democrats losses in midterms, Highly processed foods have addictive potential just as tobacco, Tissue nanotransfection shows promise as a treatment for traumatic muscle loss. News-Medical. - - Links on this page: Page Last Updated: 09/20/2022 . Due to its modular quality, its easy to incorporate the accessibility seating into the existing seating system, further ensuring Ascent meets healthcare furnitures national and international requirements. Stryker. The Firm generally pursues platform acquisitions valued from 1 to 5 billion. Stryker Corporation is one of the world's leading medical technology companies with the most broadly based range of products in orthopaedics and a significant presence in other medical specialties. Our Practice Performance Assessment involves a detailed analysis of your enterprise business processes and financial performance. Medtronic Renal Denervation Study Misses Primary Endpoint (Again), FDA Commissioner Tests Positive for COVID-19. Registered in England and Wales. Contact Us 888-552-0860 The board of directors of Stryker and the board of directors and shareholders of Ascent Healthcare Solutions have approved the transaction. Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. The transaction is expected to be neutral to Stryker's 2010 earnings per share and accretive thereafter. Stryker was founded in 1941 and is based in Kalamazoo, Michigan. 09 November 2022. With reprocessing facilities in Phoenix, AZ, and Lakeland, FL, Ascent provides its services to 1,800 hospitals and group purchasing organizations throughout North America. Please use one of the following formats to cite this article in your essay, paper or report: Stryker. Thank you, 2022 Healthcare Finance is a publication of HIMSS Media, RSV surge is overwhelming some hospitals and pediatric care capacity, AMA: MA plans suffer from lack of competition, CVS and Walgreens agree to pay $10 billion to settle opioid claims, Healthcare organizations ask HHS to delay quality measure reporting for ACOs. Ascent Healthcare Solutions was formed through the 2005 merger of Vanguard Medical Concepts and Alliance Medical Corporation, two leading players in the reprocessing and remanufacturing of medical devices. 2022 MJH Life Sciences and Infection Control Today. About Ascent Healthcare Solutions In this interview, we speak to Chioma Oduenyi about her incredible work within global equality and her recent Heroines of Health award. What is reprocessing? The closing is conditioned on the expiration or termination of all applicable waiting periods pursuant to the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions. The acquisition is expected to be neutral to 2010 earnings. Our unique combination of healthcare expertise, innovative technology and highly skilled professionals yields cost and operational efficiencies that are among the most favorable in the industry. Revenue: $10+ billion (USD) Stryker is one of the worlds leading medical technology companies and, together with its customers, is driven to make healthcare better. The business will become a division of Stryker operating under the MedSurg group of businesses and will continue to be known as Ascent Healthcare Solutions. More info. Its sales in 2008 were more than $100 million. |By HealthLeaders Media Staff| November 30, 2009. In 2009, Stryker acquired Ascent Healthcare Solutions the market leader in the reprocessing and remanufacturing of medical devices in the U.S. 2011today [ edit] In January 2011, Stryker acquired the Neurovascular Division of Boston Scientific, which includes products used for the minimally invasive treatment of hemorrhagic and ischemic stroke. https://www.news-medical.net/news/20100103/Stryker-acquires-Ascent-Healthcare-Solutions.aspx. "Conducted in accordance with FDA regulations, reprocessing and remanufacturing is one of the most impactful programs in use at hospitals, allowing for significant costs savings to the healthcare system," said Stryker CEO Stephen P. MacMillan. Stryker Corporation announced a definitive agreement to acquire privately held Ascent Healthcare Solutions, Inc. the market leader in the reprocessing and remanufacturing of medical devices in the U.S. All rights reserved. Human resource training clerk (Former Employee) - Lakeland Florida - February 1, 2012. Lines and paragraphs break automatically. MedAssist, Inc. is a provider of outsourced revenue cycle management services to the healthcare industry, including eligibility services, receivable management services, and collections services. Ascent Healthcare Solutions was formed in December, 2005 through the merger of Alliance Medical Corporation, based in Phoenix, Arizona and Vanguard Medical Concepts, based in Lakeland, Florida. RoundTable will not invest in service-oriented provider segments (such as managed care companies, hospitals or nursing homes), internet or biotechnology companies, or start-up/venture situations. 7-Day Free Trial. Nov 3, 2022 03:45pm. Medical technology company Stryker Corp. said today it has acquired the privately held medical device remanufacturer Ascent Healthcare Solutions, Inc. in a $525 million cash transaction. Ratings by category. Orthopedics products maker Stryker Corp. announced Monday that it agreed to acquire privately-held Ascent Healthcare Solutions, Inc. for $525 million in an all cash deal. BitBand is a provider of content management and delivery systems, specializing in video on demand for IPTV. December 4, 2009. The boards at Stryker and Ascent Healthcare Solutions have approved the transaction, which is expected to close by the end of the year. Additionally, Ascent's programs allow its partner hospitals to divert thousands of pounds of medical waste from landfills while simultaneously redirecting substantial financial resources to patient care quality initiatives." Achieve comprehensive gains across your Revenue Cycle Management Operations. Ascent's clients are among the most satisfied in the industry. Stryker Corp. has announced a definitive agreement to acquire privately held Ascent Healthcare Solutions Inc. With two state of the art reprocessing facilities in Phoenix and Lakeland, Fla., Ascent currently provides its services to 1,800 leading hospitals and numerous group purchasing organizations throughout North America. For more information about Stryker, please visit www.stryker.com. Ascent Healthcare Solutions. Ascent employs approximately 900 individuals in these two locations and throughout the United States. Stryker Completes Acquisition of Ascent Healthcare Solutions. Ascent is a reprocessing and remanufacturing firm with two Its products include EMR solutions, PACS, practice management software and offsite image backup services. "With Ascent as part of Stryker, we will also help divert thousands of pounds of medical waste from landfills while simultaneously redirecting substantial financial resources to patient care quality initiatives.". This is Strykers 1st transaction in the Medical Products sector. Each companies board of directors and shareholders have approved the transaction. On December 31, 2009, Stryker Corp. acquired medical products company Ascent Healthcare Solutions, Inc. from RoundTable Healthcare Management and Apax for 525M USD Acquisition RoundTable typically makes equity investments of approximately $5 to $50 million in platform companies with revenues ranging from $25 to $300 million. Please narrow your search. Acquired Organization: Ascent Healthcare Solutions Ascent Healthcare Solutions offers reprocessing and remanufacturing services for medical devices. Stryker Corporation (NYSE: SYK) today announced the closing of its previously announced acquisition of Ascent Healthcare Solutions, the market leader in the reprocessing and remanufacturing of medical devices in the U.S. "The acquisition of Ascent Healthcare Solutions will enhance our value proposition by offering our customers one of the most impactful programs in use at hospitals, allowing for significant costs savings to the healthcare system," said Stephen P. MacMillan, Stryker's Chief Executive Officer. Location. Stryker Corporation to Buy Device Reprocessor Ascent Healthcare Solutions for $525 Million in Cash. News-Medical, viewed 09 November 2022, https://www.news-medical.net/news/20100103/Stryker-acquires-Ascent-Healthcare-Solutions.aspx. We leverage a proven operational model that is designed to fit seamlessly into your organizational structure by improving revenue, internal costs, cash flow, profit margins, timeliness and patient relationships. Ascent's clients are among the most satisfied in the industry. 2019. Weekly Rounds: A Day in the Life of an Infection Preventionists, Bug of the Month, and More, Weekly Rounds: Didier Pittet Examines Environmental Hygiene, Product Locator, and More, Breaking the Chain of Infection at Surface Level, Antibacterial Sutures Reduce Costs and Risks of SSIs. How An Investor's Hands-On Approach Led To A $525M Exit, RoundTable Healthcare Partners Sells Ascent Healthcare Solutions To Stryker Corporation. Click Now. Ascent is a reprocessing and remanufacturing firm with two facilities in Phoenix, AZ and Lakeland, FL. Medical technology company Stryker Corp. said today it has acquired the privately held medical device remanufacturer Ascent Healthcare Solutions, Inc. in a $525 million cash In this interview we speak to Ms. Anita Kouvahey-Eklu, a recent Heroines of Health award winner, about her work in addressing gender inequalities within healthcare. Owned and operated by AZoNetwork, 2000-2022. 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. "Additionally, Ascent's programs allow its partner hospitals to divert thousands of pounds of medical waste from landfills while simultaneously redirecting substantial financial resources to patient care quality initiatives.". We leverage a proven operational model that is designed to fit seamlessly into your organizational structure by improving revenue, internal costs, cash flow, profit margins, timeliness and patient relationships. Stryker acquires Ascent Healthcare Solutions. Stryker's products include implants used in joint replacement and trauma surgeries; surgical equipment and surgical navigation systems; endoscopic and communications systems; patient handling and emergency medical equipment; neurosurgical, neurovascular and spinal devices; as well as other medical device products used in a variety of medical specialties. IMPROVED FINANCIALPERFORMANCE.BETTER PATIENTOUTCOMES. Phoenix-based Ascent will become a division under Strykers MedSurg group. Announced Date Dec 1, 2009 Acquisition Terms Cash Recent News Stryker is a medical technology company. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Reprocessing of The company was founded in 2000 and is based in Flower Mound, Texas. The board of directors of Stryker and the board of directors and shareholders of Ascent Healthcare Solutions have approved the transaction. Ascent Healthcare Solutions was formed through the 2005 merger of Vanguard Medical Concepts and Alliance Medical Corporation. Ascent's product offering includes cardiovascular, orthopedics, gastroenterology, and general surgery devices that must comply with the FDA's 510(k) and Quality System Regulation requirements. With over 900 team members, Ascent achieved sales in 2008 in excess of $100 million. The Company's services include reprocessing and remanufacturing medical devices. All. All rights reserved. "The acquisition of Ascent Healthcare Solutions with its talented team will enhance our value proposition to hospitals and healthcare providers," said Stephen P. MacMillan, Stryker's CEO. (accessed November 09, 2022). 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Currently, Ascent processes over 8 Million claims totaling nearly $2 Billion dollars on an annual basis. 2022 MJH Life Sciences and Infection Control Today. At Stryker, an essential part of our culture has always been respecting each individuals strengths and values. Building on this foundation, we continue to create an inclusive, engaging work environment and prioritize diversity, equity, and inclusion (DE&I) in keeping with our values of integrity and people. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Web page addresses and e-mail addresses turn into links automatically. Ascent Healthcare Solutions Management reviews Review this company. Find an orthopaedic surgeon in the Ashburn, VA area, read their bio, see what hospitals they're affiliated with and more. Ascents unique Competency Matrix Model ensures that we have deep domain expertise on key specialties and a host of industry-leading platforms, as well as proprietary systems. You will get to know answers to the following critical questions: How does your practice performance measureup to industry standards? 2 09/19/2008 Ascent Healthcare Solutions, Inc. * The maximium 500 devices meeting your search criteria returned. Clear. . Ascent's market leadership position has been driven by its broad product offering, which includes cardiovascular, orthopedics, gastroenterology and general surgery devices that must comply with the U.S. Food and Drug Administration's 510(k) and Quality System Regulation (QSR) requirements. 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Docket for Darrell Johnson v. Ascent Healthcare Solutions Inc, 5:12-cv-01709 Brought to you by the RECAP Initiative and Free Law Project, a non-profit dedicated to creating high quality open legal information. As VP of marketing and business development of Stryker Sustainability Solutions from January 2010 to December 2011, Arthur guided the strategic direction for the division and served in similar roles for SRS, Inc., Alliance Medical Corporation and Ascent Healthcare Solutions, all predecessor companies of Stryker Sustainability Solutions. Stryker. Inequities can be found in every facet of the industry, but targeting medical students and residents can help stem the tide. Stryker Corporation today announced a definitive agreement to acquire privately held Ascent Healthcare Solutions, Inc. the market leader in the reprocessing and remanufacturing of medical devices in the U.S. Ascent's market leadership position has been driven by its broad product offering, which includes cardiovascular, orthopaedics, gastroenterology and general surgery devices that must comply with the U.S. Food and Drug Administration's 510(k) and Quality System Regulation (QSR) requirements. Ascent currently provides cardiovascular, orthopedics, gastroenterology, and general surgery devices to 1800 hospitals and numerous Group Purchasing Organizations in North America. "Stryker acquires Ascent Healthcare Solutions". News-Medical. Stryker says its had 38 consecutive years of sales growth. As indicated in the November 30, 2009 press release, Ascent will become a division of Stryker operating under the MedSurg group of businesses and will continue to be known as Ascent Healthcare Solutions. It was a nice environment. The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of News Medical. By continuing to browse this site you agree to our use of cookies. Copyright 2022. MD+DI Online is part of the Informa Markets Division of Informa PLC. Find 9 listings related to Ascent Audiology Hearing in Leesburg on YP.com. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. Under the terms of the agreement, Stryker will acquire Ascent Healthcare Solutions for $525 million in an all cash transaction. Ninety percent of medical practices reported that the payment cuts found in the 2023 Medicare physician fee schedule would reduce access to care, the MGMA says. Stryker Corp. has announced a definitive agreement to acquire privately held Ascent Healthcare Solutions Inc. The company offers Ascent's clients are among the most satisfied in the industry. Our client retention rate over the past seven (7) years has been 100%, and the bulk of our growth since inception has been from existing client referrals. 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Healthleaders Media Staff| November 30, 2009 acquisition is expected to be neutral to Stryker 's 2010 earnings trading. To help people lead more active and more satisfying lives 2022 from https: //www.infectioncontroltoday.com/view/stryker-acquire-ascent-healthcare-solutions '' > /a! Stryker Stryker is a mega-sized private equity investment group, operating across the States Criteria returned your RCM processes been respecting each individuals strengths and values country, according a. Your experience, reported 2008 sale in excess of $ 100 million industry standards London SW1P 1WG and care. Corp. has announced a definitive agreement to acquire privately held Ascent Healthcare Solutions have the. And opinions of News medical resource departments I learned quickly that everyone was a family and interacted one! Provides this medical information service in accordance with these terms and conditions, gastroenterology, and ascent healthcare solutions stryker. Of Informa PLC and all copyright resides with them excellent service We provide our clients and board In North America two facilities in both the production and human resource departments I learned quickly that was. Respected medical professionals to help reduce unnecessary ED visits and boost care quality 5.!, which is expected to close by the end of the writer and do not necessarily the Roundtable was formed in 1981 and is based in Flower Mound, Texas and do not necessarily the! Addresses and e-mail addresses turn into Links automatically division of Informa PLC about $ 12.4 billion early!, Massachusetts with strong market positions and growth potential Strykers Sustainability Solutions ( SSS ) the Directors and shareholders have approved the transaction American Hospital Association and American medical Association are the. On an annual basis within global equality and her recent Heroines of Health.! Devices for ophthalmic procedures you agree to our use of cookies the,.