Consolidation in healthcare is nothing new, in fact it’s hotter than ever. Most analysts, and others who know the industry well, will tell you this trend is positive as we seek better patient outcomes, operational efficiencies, and cost containment to deliver higher value care. In the outsourced medical service provider sector of healthcare, we also can increase value with mergers and acquisitions. As the sector matures, consolidation offers new opportunities to provide customers with high quality, specialized, and reliable services that support hospitals’ goals within today’s rapidly changing healthcare environment.
SpecialtyCare has completed an asset purchase of Trident Health Resources, Inc., a highly regarded, clinically focused perfusion company. With the people of Trident joining SpecialtyCare and moving forward as one team, under one name, we have the opportunity to support each other and learn from each other as we participate in some of the most complex and interesting procedures performed today. We are uniquely positioned to define what superior clinical and financial outcomes look like and to provide those outcomes for our patients and our customers. We are thrilled to join together to serve as a resource for perfusion care and best practices that in-house and competitive programs simply cannot match. It’s an exciting time, and we look forward to all that we will accomplish together.
On October 26, 2016, SpecialtyCare acquired Sentient, a highly regarded intraoperative neuromonitoring provider. We’re thrilled to welcome the people of Sentient to our team. We believe we’ll be a great fit together, both clinically and culturally. Combining our talent and experience will enhance our collective strengths and create new opportunities to advance patient care and drive clinical quality, which reduce costs for our patients and customers.