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SpecialtyCare Acquires Intraoperative Neuromonitoring Provider Precedent Health
[August 10, 2018]

SpecialtyCare Acquires Intraoperative Neuromonitoring Provider Precedent Health

SpecialtyCare-the nation's leading provider of outsourced intraoperative neuromonitoring (IONM), perfusion, and surgical services-announced today that it has acquired IONM provider Precedent Health. This transaction extends SpecialtyCare's market leadership position as the largest and most comprehensive provider of patient-centered outsourced IONM services to surgeons, hospitals, surgery centers, and health systems.

This press release features multimedia. View the full release here:

(L to R) Jonathan Walters, President IONM, SpecialtyCare; Brian McCollum, President & CEO, Precedent ...

(L to R) Jonathan Walters, President IONM, SpecialtyCare; Brian McCollum, President & CEO, Precedent Spine; Dr. Sam Weinstein, CEO, SpecialtyCare (Photo: Business Wire)

With Precedent Health, SpecialtyCare increases the number of associates available to support cases in our existing markets across the United States while adding significant new coverage in markets such as Buffalo NY; New York City, NY; Detroit, MI; and Portland, OR. The compan employs more than 500 IONM professionals supporting over 100,000 procedures annually for more than 725 IONM customers and 2,300 surgeons.

SpecialtyCare CEO, Sam Weinstein, MD, MBA, said, "I am thrilled that Precedent Health and SpecialtyCare are joining forces. Our shared commitment towards innovation and continuous improvement will drive better clinical outcomes for our patients, outstanding customer service for the surgeons we support, and additional opportunity to improve financial results for our customers. Combining our resources, experience, and clinical skills we will undoubtedly create new opportunities for our clinicians."

"We are very excited to become part of the SpecialtyCare team," Precedent Health's President and CEO Brian McCollum added. "Their focus on investing in the growth of their associates, and their customer-oriented approach to surgeons and hospitals justify my confidence that this merger will provide tremendous benefits for our patients, our team and our customers."

"Together, Precedent Health and SpecialtyCare will continue to build on our history as leading providers of patient-centric neuromonitoring services," remarked Jonathan Walters, SpecialtyCare's President IONM. "The additional case volume will continue to increase the clinical data collected in the SpecialtyCare Operative Procedural Registry, SCOPE™, which is the largest national multi-institutional database of its kind. This will further refine and enhance SpecialtyCare's online dashboards, benchmarks, and analytics driving continuous improvement in clinical delivery, operational expense, and efficiency."

About SpecialtyCare

More than 1,200 hospitals and 13,500 physicians trust SpecialtyCare to help them achieve exceptional care outcomes, regulatory compliance, and financial results. With nearly 1,500 clinicians supporting over 375,000 procedures annually, we maintain the SpecialtyCare Operative Procedural Registry (SCOPE™), the largest procedural database of its kind, which we use to identify standards, determine benchmarks, disseminate best practices, and foster innovations that improve patient outcomes, increase efficiencies and minimize costs. We are accredited and certified by The Joint Commission. By developing expertise beyond industry requirements, our customers can be certain they have the best partner for clinical excellence in perfusion, intraoperative neuromonitoring, autotransfusion, sterile processing management, surgical assist, and minimally invasive surgical support.

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