MIU seizes innovation opportunities presented by dynamic national urology platform caring for nearly one-half million patients.
Solaris Health Holdings announced today that Michigan Institute of Urology (MIU), serving southeastern Michigan, has joined as an affiliate practice. Terms have not been disclosed.
MIU becomes the third Midwestern urology practice this year to join Solaris. Chicago-based Associated Urological Specialists (AUS) teamed with Solaris in March. Advanced Urology Associates (AUA), Joliet, IL, signed on in October.
Other members of Solaris, the nation’s leading provider of independent urological services, include metropolitan New York-based Integrated Medical Professionals (IMP), Cincinnati-based The Urology Group (TUG) and Philadelphia-based MidLantic Urology (MLU). New York-based Lee Equity Partners, is a financial partner in Solaris.
The newest Solaris affiliate, MIU, is the most advanced private urology practice in Michigan with 60 providers delivering state-of-the-art care in 19 locations. Mitchell Hollander, MD, CEO of MIU, will serve as Solaris’ Chief Innovation Officer and Vice Chairman of the Board of Solaris.
The addition of MIU means that Solaris now aligns the skills and talents of over 330 providers who care for nearly 500,000 unique patients each year at more than 134 sites in New York, Ohio, Pennsylvania, Kentucky, Indiana, Illinois and Michigan.
“We welcome MIU as a practice that shares our vision to develop a national practice predicated on clinical excellence and business best practices,” stated Solaris Chairman and Chief Ecosystem Officer Deepak A. Kapoor, MD. Solaris President, Gary M. Kirsh, MD added, “By choosing to scale nationally, MIU physicians will maintain their high standards of patient care and gain access to the resources needed to successfully navigate an increasingly complex and consolidated health care system.”
“The size, scale and innovation advantages presented by this national network of urology practices redoubles our dedication to providing patients the most up to date, state of the art care,”
said MIU’s Dr. Hollander. “We’re always striving for better outcomes, and ensuring excellence is met in all facets of our practice.”
“The addition of Michigan Institute of Urology, one of the leading urology practices in the United States, boosts the momentum we are building for even greater expansion,” said Eric Mason, MD, MBA, Solaris Health CEO.
McDermott Will & Emery LLP served as legal counsel to Solaris. Edgemont Partners acted as exclusive financial advisor to MIU and Kirkland & Ellis LLP served as legal counsel to MIU.