U.S. Urology Partners, a portfolio company of NMS Capital, is pleased to announce that Urology of Indiana (“UOI” or the “Company”) has joined its national network of affiliate urology practices. The U.S. Urology Partners network now encompasses over 150 providers operating throughout over 40 clinical locations in four states.
Urology of Indiana is a market-leading, multi-specialty urology practice serving Indianapolis and the surrounding regions. Operating throughout central Indiana via a provider base of 40 physicians and 20 advanced practice providers, UOI is the largest urology group within the state of Indiana. With roots dating back to 1887 as the oldest continuously operating urology practice in the country, the Company maintains a longstanding history and track record of premier patient care and outcomes, affording UOI its market leadership position.
The affiliation marks U.S. Urology Partners’ fifth since partnering with NMS and expands the broader platform’s geographic footprint into a fourth state. Following completion of the transaction, U.S. Urology Partners represents one of the nation’s largest independent providers of urological care and other specialty services.
Dr. Ronald Suh, Urology of Indiana President, noted, “We are excited to be a part of the U.S. Urology Partners platform and to join in the shared vision of creating the nation’s leading urological network. Our choice in selecting U.S. Urology Partners as our long-term partner was a function of the platform’s expertise and track record in fostering success and alignment amongst their partner practices. We look forward to leveraging all that U.S. Urology Partners has to offer as we continue upon our growth trajectory and life cycle as a practice.”
Corina Tracy, CEO of U.S. Urology Partners, commented, “We are thrilled to partner with the Urology of Indiana team in this transaction and are excited by the mutual prospects created by their combination with U.S. Urology Partners. This partnership is the result of our execution upon a selective M&A strategy centered upon bringing together premier urology services providers and creating a platform characterized by growth and best-in-class patient outcomes. UOI meets these criteria perfectly and heightens our excitement and confidence in the trajectory of the broader U.S. Urology Partners platform.”
Britt McDermott, CEO of Urology of Indiana, stated, “U.S. Urology Partners is uniting high-performing, growth-oriented physician practices to provide the most effective, efficient and innovative urologic care to people in communities across the country. Our leadership fully evaluated options to support the growth of our practice and determined that U.S. Urology Partners is the best clinical and cultural fit for UOI, with core values that mirror ours. We are excited about the many resources available to us through U.S. Urology Partners to enhance services and access to the highest level of urological care throughout Indiana and the Midwest. Our partnership with U.S. Urology Partners will allow us to do more than we could on our own, benefitting our patients and practice.”
Luis Gonzalez, Partner at NMS Capital, said, “U.S. Urology Partners’ partnership with UOI represents an exciting inflection point in the platform’s trajectory. The transaction offers a meaningful increase in both scale and operational leverage by way of U.S. Urology Partners’ corporate infrastructure, as well as a highly complementary expansion of our geographic footprint into an adjacent state. Corina and team have excelled at fostering continued growth amongst other U.S. Urology Partners’ practices, and we have the utmost confidence in their ability to do the same with UOI.”
Ernst & Young Capital Advisors served as exclusive financial advisor and Krieg DeVault provided legal advice to the Company. McDermott Will & Emery provided legal advice to U.S. Urology Partners and NMS.
About Urology of Indiana
Urology of Indiana is one of the nation’s premier urology practices with a history dating back more than 130 years. Based in Indianapolis, Urology of Indiana provides comprehensive urologic care through 14 locations, including Center of Excellence facilities, regional clinics and two Integrated Cancer Centers for Prostate Cancer. Committed to delivering patient-focused service in a compassionate atmosphere, Urology of Indiana delivers leading-edge services and excellence in care delivery, always with patient satisfaction in mind. The care team led by board certified urologists, board certified urogynecologists and licensed advanced practice practitioners offers complete diagnosis and treatment for urologic disorders in men, women and children. Urology of Indiana is at the forefront of the latest advances in urologic care and is honored to be a leader in bringing new technology and treatment options to Indiana and the Midwest. Urology of Indiana is an affiliate of U.S. Urology Partners, one of the largest independent providers of urological and related specialty services in the nation, which is backed by NMS Capital.