Merritt Healthcare Advisors announced on May 23 that it acted as an advisor on the acquisition of Bay Area Surgical Specialist Services, LLC by United Surgical Partners International (USP). The financial terms of the transaction were not disclosed.
Founded in 2016, Bay Area Surgical Specialist Services (doing business as BASS Surgery Center) is a 9,700-square-foot multi-specialty ambulatory surgery center (ASC) with four operating rooms in Walnut Creek, California. It also has more than 30 physician partners.
USP is an operator of outpatient surgery centers. It is a Delaware corporation licensed to do business in Texas. Founded in 1998, it operates more than 535 surgical facilities.
According to data captured in the LevinPro HC database, this acquisition marks the 13th ASC transaction of 2024. This is also the second acquisition of the year that Merritt Healthcare Advisors has advised on; the first deal was Surgery Partners’ acquisition of Gramercy Park Digestive Disease Center.
