Surgery Partners acquires Preferred Vascular Group in dialysis access deal

Surgery Partners (NASDAQ: SGRY) has acquired Preferred Vascular Group, an ambulatory surgical center operator focused on dialysis access procedures, according to a company statement. Ziegler served as the exclusive financial advisor to Preferred Vascular Group in the transaction.

Preferred Vascular Group operates eight ambulatory surgical centers in Georgia and Ohio, specializing in dialysis access procedures. The company was founded in 2005 by Don Holton and employs a team of 16 physicians and more than 160 staff members.

The acquisition provides Surgery Partners entry into the $6 billion dialysis access market, which performs over two million procedures annually. Preferred Vascular Group's management team will continue to lead the operating entity under Surgery Partners' ownership.

"The successful outcome, selling to a publicly traded and nationally scaled short-stay surgical platform, was the optimal outcome that would not have been possible without the partnership between Preferred Vascular Group and Ziegler," stated Dustin Greene, CEO of Preferred Vascular Group.

Surgery Partners plans to leverage Preferred Vascular Group's expertise across its portfolio of surgical centers to enhance its presence in the vascular market. The company provides cost-efficient outpatient options for dialysis access creation and maintenance procedures.

Benesch, Friedlander, Coplan & Arnoff served as legal counsel to Preferred Vascular Group, while McDermott Will & Schulte represented Surgery Partners in the transaction.

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