FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Solaris Health Holdings announced today that two additional urology practices have joined as affiliates. They are UroPartners, serving Illinois and Southern Wisconsin, and Lowcountry Urology Clinics, serving Charleston S.C. and surrounding cities. Terms have not been disclosed.
UroPartners, the Midwest’s largest independent urology group, brings to Solaris the skills and talents of 90 providers who care for 100,000 unique patients each year. Lowcountry Urology Clinics, which merged five individual Charleston urology practices in 2006, brings the skills and talents of 13 providers who care for 20,000 unique patients each year.
The addition of UroPartners and Lowcountry Urology Clinics means that Solaris now aligns the skills and talents of over 600 providers who annually care for over 850,000 unique patients located in 12 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.
“We take pride in being home to some of the most renowned urologists in Illinois and now we are teaming with the most renowned urologists across the nation,” said Dr. Richard Harris, CEO of UroPartners. “Aligning with Solaris will enhance our capacity to provide the full range of urologic care in a coordinated fashion to improve patients’ well-being,” he said. Dr. Harris will also serve as Solaris’ Chief Strategy Officer.
“Aligning with Solaris, a national leader in the field of urology, will help us grow, and will enhance our ability to provide the most advanced urological services to Charleston-area men and women,” said Dr. John Britton, president of Lowcountry Urology Clinics.
McDermott Will & Emery LLP served as legal counsel and Weil Gotshal & Manges served as financing counsel to Solaris on the UroPartners deal. Patzik, Frank & Samotny LTD. served as legal counsel to UroPartners and Physician Growth Partners acted as financial advisors.
Waller Lansden Dortch & Davis LLP served as legal counsel to Solaris on the Lowcountry Urology Clinics deal. Provident Healthcare Partners LLC acted as financial advisor to Lowcountry Urology Clinics and Husch Blackwell LLP served as legal counsel.
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.
UroPartners mission is to provide accessible, compassionate, patient-centered care to our community. We strive to be the leading provider of integrated urologic services in Chicagoland by providing unrivaled quality, communication and personalized care.
About Lowcountry Urology Clinics
Specialists at Lowcountry Urology Clinics have years of experience providing the highest standard of care for women and men facing urinary and sexual disorders. Our urology clinic has state-of-the-art technology to provide patients in Charleston, Mount Pleasant, North Charleston, Summerville and several surrounding cities the best urology care in the area.
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.