Physicians Endoscopy Acquires Minority Ownership in Maryland Ambulatory Surgical Center

DOYLESTOWN, Pa., Sept. 14, 2012 /PRNewswire/ -- Physicians Endoscopy, LLC (PE) is pleased to announce the acquisition of a minority interest in the Endoscopy Center of Robinwood (ECR) in Hagerstown, Maryland. The single specialty ambulatory surgical center operates within 5,900 square feet of the Robinwood Medical Center on the campus of Meritus Hospital. ECR provides outpatient endoscopic procedures specific to gastroenterology. The four room endoscopy center is conveniently positioned adjacent to Digestive Disorders Consultants, a five physician practice, and Gastroenterology Associates, a three physician practice.

"For a number of years we've contemplated adding a corporate partner to our business. Our partnership with Physicians Endoscopy provides the ideal business structure. PE has the knowledge and expertise that our center needs to run a seamless operation and take us to the next level. We look forward to a long successful relationship," states former medical director Rashid Hanif, MD.

"We are extremely excited about this new partnership and the growth opportunity it presents. The Endoscopy Center at Robinwood is a well-operated facility that provides quality, patient-focused and cost-effective outpatient care. The physicians and staff have done a wonderful job in providing the best GI services to the community. We look forward to this new partnership and continuing its success," states Barry Tanner, chief executive officer for Physicians Endoscopy.

ABOUT THE ENDOSCOPY CENTER AT ROBINWOOD
Opened in October 2002, ECR is fully accredited by the state of Maryland and has obtained its state license to provide outpatient gastroenterology related services. ECR is also AAAHC accredited and a Medicare-certified facility. For more information, visit ECR online at www.robinwoodendo.com.

Physicians Endoscopy is a nationally recognized development and management company which partners with GI physicians in the development, management and acquisition of single-specialty EASCs. The Company currently owns and manages 25 facilities across the United States, in partnership with over 300 gastroenterologists and eight hospitals and plans to add another six facilities by the end of 2012. PE is headquartered in Doylestown, Pennsylvania approximately 40 miles north of Philadelphia. For more information about PE, visit www.endocenters.com.

Contact:Carol Stopa
Physicians Endoscopy 
(215) 589-9018

SOURCE Physicians Endoscopy, LLC

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