Spectrum Orthopaedics, a division of Spectrum Healthcare Partners in Portland, Maine, plans to separate and operate as an independent group, MaineBiz reported Nov. 8.
Four things to know:
1. Spectrum Orthopaedics is a 12-physician group, submitted filings with the Maine Department of Health and Human Services to reorganize as an independent entity.
2. The new practice will be called Clarion View Partners and would retain ownership of an ASC in Portland.
3. The orthopedic group would sell a 50% stake in its ownership to Growth Orthopedics Services for $16 million. The management services organization would support the administration work that Spectrum Healthcare Partners handles.
4. A certificate of need is required for the sale, and the Department of Health and Human Services approved it in October.