On November 15, Solaris Health Holdings announced that Colorado Springs Urological Associates (CSUA), a premier urology practice serving Colorado Springs, Colorado and the surrounding area, has entered into a definitive agreement to join as an affiliate practice. The terms of the deal, which is expected to close in Q4 of 2021, were not disclosed.
Solaris, a financial partner of Lee Equity Partners, is the nation’s leading provider of independent urological services. Founded in 2020 and based in Fort Lauderdale, Florida, Solaris is proud to be among the most innovative medical organizations in the United States.
CSUA is the leading provider of urologic care in Colorado. The company is a union of two patient-centric, top-rated urological practices, Pikes Peak Urology and Urological Associates, P.C. Its board-certified urologists treat a wide spectrum of male and female urologic conditions.
“We welcome CSUA as a practice that shares our vision to develop a national practice predicated on clinical excellence and business best practices,” said Solaris Chairman and Chief Ecosystem Officer Deepak A. Kapoor, MD. Solaris President, Gary M. Kirsh, MD added, “By choosing to scale nationally, CSUA physicians will maintain their high standards of patient care and gain access to the resources needed to successfully navigate an increasingly complex and consolidated health care system.”
With this acquisition, CSUA becomes the fifth urology practice to join Solaris this year, expanding the reach of the national Solaris platform to the Mountain West. The addition of CSUA means that Solaris now aligns the skills and talents of 345 providers who care for over 530,000 unique patients annually at more than 135 sites in New York, Ohio, Pennsylvania, Kentucky, Indiana, Illinois, Michigan and Colorado.
McDermott Will & Emery LLP served as legal counsel to Solaris. Physician Growth Partners acted as exclusive financial advisor to CSUA and Lathrop GPM LLP served as legal counsel to CSUA.
