Lovelace has acquired Southwest Medical Associates, Inc., bringing one of the most esteemed physicians practices in New Mexico to be a part of the Lovelace Health System.
“It’s an exciting moment in Lovelace’s history,” said Ron Stern, president and CEO, Lovelace Health System. “Southwest Medical Associates is one of the premier medical groups in our community with high quality physicians who focus on offering true personal care and short wait times. The practice is established, extremely popular and successful.”
The transaction is effective immediately and comes after more than a year of discussions and negotiations.
As part of Lovelace, Southwest Medical Associates will retain its name and leadership, specifically Dennis Cox, executive director. All 150 employees have been retained.
“This alliance with Lovelace is powerful for Southwest Medical Associates,” said Kenneth Rogers, M.D., president of Southwest Medical Associates, Inc. “Accessing Lovelace’s resources, infrastructure and health plan ensures our practice will continue to recruit and retain exceptional physicians, midlevel providers and staff, and it will allow us to continue to provide state-of-the-art care to our patients.”
This acquisition launches a new physician model for Lovelace: a hybrid network of employed, strategically aligned and community physicians who are all valued and all working together to serve patients in an integrated system.
“We are committed to developing strong and lasting relationships with physicians – regardless of whether we employ them or are affiliated with them in any other way,” added Stern. “These bonds are crucial to serving patients with quality clinical care and excellent customer service and to the success of our system.”
Southwest Medical Associates physician Thomas Gross, M.D., agreed that the new relationship with Lovelace creates opportunity for innovative service and care.
“We want to be a part of an integrated system,” Gross said. “It allows us to provide better coordination, improved communication and patient flow. It just enhances the personal care that we’ve always offered here.”
The acquisition is another example of investment in Albuquerque and New Mexico by Lovelace’s parent company, Ardent Health Services. To date, more than $316 million have been invested into Lovelace’s facilities, equipment and people since 2002.
Lovelace Health System consists of Lovelace Medical Center, Lovelace Rehabilitation Hospital, Lovelace Women’s Hospital, Lovelace Westside Hospital, Heart Hospital of New Mexico at Lovelace Medical Center, Lovelace Regional Hospital-Roswell, the Lovelace Health Plan offering health insurance to 210,000 New Mexicans with access to a wide range of health care providers and specialists across New Mexico, and 11 retail pharmacy locations in Albuquerque, Rio Rancho and Santa Fe.
About Southwest Medical Associates
Southwest Medical Associates is one of New Mexico's largest multispecialty medical groups. The group was established in Albuquerque in 1979 and has served Albuquerque, Rio Rancho, Los Lunas, and New Mexicans throughout the state for more than 30 years. Its new Westside clinic at 4420 Irving Blvd. N.W., provides expanded primary care including family medicine and pediatrics, and specialty care including neurology and podiatry, to Rio Rancho and Albuquerque's Westside. The Westside clinic is one of New Mexico's most modern facilities. The clinic at 6100 Pan American Freeway N.E., (Northside Medical Building) provides comprehensive primary care including family medicine, pediatrics and internal medicine; and specialty care including gynecology, neurology and podiatry.
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