Phoenix, Ariz. – Non-profit Banner Health, the state’s largest health system, and The CORE Institute, an integrated orthopedic and neurology practice with locations in Arizona and Michigan, have announced a new ownership agreement for the former Banner Del E. Webb Surgery Center in Glendale.
Effective Aug. 31, Banner Health and The CORE Institute have become joint owners of the surgery center at 18301 N. 79th Ave., #E-150 in Glendale, renaming it the Banner CORE Union Hills Surgery Center.
The Banner CORE Union Hills Surgery Center will continue offering a variety of outpatient surgery services, and will specialize in orthopedic surgery. Orthopedic procedures will include knee replacements, sports medicine procedures, spine and pain management, foot and ankle surgery, and other orthopedic surgical specialties.
Under the new partnership, Banner Health will retain a majority stake in the center, with The CORE Institute holding a minority ownership stake. While The CORE Institute will now have an ownership position in the center, both CORE and non-CORE surgeons will continue to practice at the center, performing both orthopedic and non-orthopedic outpatient surgeries in the facility’s four operating rooms. Additionally, the surgery center will remain staffed by Banner Health employees and will use Banner’s electronic medical record system.
“We’re building upon the reputation of Banner Health and The CORE Institute to manage outpatient cases efficiently,” said David Jacofsky, MD, chairman and CEO of The CORE Institute. “We will deploy proven pathways and protocols, create efficiencies in an outpatient setting, and provide optimal patient outcomes all while focusing on a specialty patient-centered approach.”
“Because of the established relationship between The CORE Institute and Banner Health, this partnership was a logical next step,” said Joan Thiel, vice president of Ambulatory Services for Phoenix-based Banner Health. “The Banner CORE Union Hills Surgery Center model will focus on reducing costs to consumers and providing efficient, high quality care in an outpatient setting.”