Spectrum Healthcare Spinning off Division, Half of Which May Be Acquired for $16M

A group of physicians from one of southern Maine’s largest outpatient health care providers is going independent, with a new name and potentially a new co-owner from outside the state. Spectrum Orthopaedics, a 12-doctor, 150-employee division of Spectrum Healthcare Partners, plans to reorganize as a separate provider, according to documents filed with the Maine Department of Health and Human Services. The new practice, to be known as Clarion View Partners, would retain ownership of an ambulatory surgery center at 33 Sewall St. in Portland. Once the reorg is complete, the orthopedics practice would sell a 50% stake in its ownership to a Florida management organization, Growth Orthopedics Services Parent LLC, for $16 million.

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Source: https://www.mainebiz.biz/article/spectrum-healthcare-spinning-off-division-half-of-which-may-be-acquired-for-16m

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