BNET Industries

Last Fiscal Year Sales:$301.5M
  • Public
  • US
Dow Jones Description

We own and operate a national network of short stay surgical facilities in 25 states, which includes ambulatory surgery centers and surgical hospitals (collectively, surgical facilities). Our surgical facilities primarily provide non-emergency surgical procedures across many specialties, including, among others, orthopedics, pain management, gastroenterology and ophthalmology. We own our surgical facilities in partnership with physicians and in some cases health care systems in the markets and communities we serve. We apply a market-based approach in structuring our partnerships, with individual market dynamics driving the structure. We believe this approach aligns our interests with those of our partners. We believe that our national scale and our alignment with prominent physicians within our markets provide us with a strong competitive position. Through our surgical facilities, we offer high quality surgical services designed to meet the health care needs of our patients, physicians and payors in an efficient, convenient and cost-effective manner. This value proposition positions us well to take advantage of the continued growth in outpatient surgeries going forward. ...

Chairman of the Board, Chief Executive Officer and Director
Richard E. Francis
Number of Employees 1,600
Contact Information

40 Burton Hills Blvd Ste 500

Nashville, Tennessee 37215

symbion.com

(615) 234-5900

NAICS Code Offices of Physicians, Mental Health Specialists: 621112

Recent Events

  • Symbion Healthcare Selects Xirrus for Secure High-Performance Wi-Fi

    11/16/09 - Licensing / Contract - View Story

  • Gresham Station Surgery Center Partners with Symbion Healthcare

    9/24/09 - Joint Venture / Alliance - View Story

News & Analysis

symbion inc. - All News and Analysis

  • Assets play proves a bitter pill for Sigma as Symbion board swallows rival bid.

    - 2007-06-24

    Byline: Nabila Ahmed Jun 24, 2007 (The Age - ABIX via COMTEX) -- Sigma Pharmaceuticals has indicated that it is unlikely to make another offer for Symbion Health as a whole or its consumer and pharmacy assets. MD Elmo de Alwis is critical...

    Tags: Symbion Inc.

  • ASA supports Symbion's decision on Sigma's late bid.

    - 2007-06-21

    Byline: Nabila Ahmed Jun 21, 2007 (The Age - ABIX via COMTEX) -- Symbion Health's decision to reject a late bid has the support of the Australian Shareholders' Association ASA. Sigma Pharmaceuticals topped the offer made by private equity groups, Ironbridge and Archer Capital,...

    Tags: Symbion Health Ltd., Symbion Inc.

  • Ramsay may 'look again' at Symbion.

    - 2007-06-21

    Byline: Fiona Tyndall Jun 21, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Ramsay Health Care would consider the acquisition of Symbion Health if its takeover does not proceed. On 20 June 2007, the Australian Competition & Consumer Commission raised concerns that...

    Tags: Symbion Inc.

  • Symbion decision has Sigma fuming.

    - 2007-06-20

    Byline: Nabila Ahmed Jun 20, 2007 (The Age - ABIX via COMTEX) -- A war of words has erupted between the heads of Symbion Health and Sigma Pharmaceuticals. Elmo de Alwis, MD of Sigma, says its fellow Australian health care sector company should accept...

    Tags: Symbion Health Ltd., Symbion Inc.

  • Privateers nab Symbion for $1 more.

    - 2007-06-20

    Byline: Teresa Ooi Jun 20, 2007 (The Australian - ABIX via COMTEX) -- Sigma Pharmaceuticals appears to have no option but to concede defeat in the takeover battle for Symbion Health. The Australian company is selling its pharmacy and consumer products businesses prior to...

    Tags: Symbion Health Ltd., Symbion Inc.

Decision Makers

Name (plus bio) Position
Anthony W. Taparo President of Symbion's Atlantic Group
Clifford G. Adlerz President, Chief Operating Officer and Director
Gregg A Stanley President of Symbion's National Group
George M Goodwin Senior Vice President & Chief Development Officer
Kenneth C. Mitchell Chief Financial Officer
Danny E. Bundren Vice President, Acquisitions & Development
David G Williamson III Vice President, Acquisitions & Development
Donna Greene Vice President, Acquisitions & Development
Doug McMinn Vice President, Acquisitions & Development
Michael D Weaver Vice President, Acquisitions & Development
Sue Hardin Vice President of Human Resources
Bob Delaney Partner
Kurt E Bolin Director

Board of Directors

Name (plus bio) Position
Richard E. Francis Chairman of the Board, Chief Executive Officer and Director
Jack Tyrrell Chairman
Clifford G. Alderz Board of Directors
David M. Wilds Board of Directors
Donald Burton Board of Directors
Eve Kurtin Steinberg Board of Directors
Eve M. Kurtin Board of Directors
Frederick L. Bryant Board of Directors
Quentin Chu Board of Directors
Thomas S. Murphy Jr. Board of Directors

Organization Position Status
Symbion, Inc. Chairman of the Board, Chief Executive Officer and Director Current
Symbion, Inc. Board of Directors Current
Symbion, Inc. President Former
HealthTrust, Inc. Senior Vice President of Development Former
HealthTrust, Inc. Regional Vice President, Southern Region Former
Symbion, Inc. Co-Founder Former

Organization Position Status
Symbion, Inc. President of Symbion's Atlantic Group Current
Symbion, Inc. Vice President Former

Organization Position Status
Symbion, Inc. President, Chief Operating Officer and Director Current
Symbion, Inc. Director Current
South Bay Hospital Chief Executive Officer Former
HealthTrust, Inc. Regional Vice President, Midsouth Region Former
Symbion, Inc. Co-Founder Former

Organization Position Status
Symbion, Inc. President of Symbion's National Group Current
HealthSouth Corporation Regional Chief Executive Officer Former

Organization Position Status
Symbion, Inc. Senior Vice President & Chief Development Officer Current

Kenneth C. Mitchell has served as Chief Financial Officer of Symbion since May 2002 and was named Senior Vice President in December 2002. Prior to assuming that position, Mr. Mitchell served as Chief Financial Officer of American HealthMark, Inc. from 1990 to 1996 and as Vice President-Controller for HCA Management Company from 1988 to 1990.

Organization Position Status
Symbion, Inc. Chief Financial Officer Current
Symbion, Inc. Senior Vice President Current
Symbion, Inc. Board of Directors Current
HCA Management Co Vice President Former
HCA Management Co Controller Former

Prior to joining Symbion as Vice President of Acquisitions & Development, Mr. Bundren served as Vice President of Development with a competing ambulatory surgery center management company. He brings more than 25 years of financial management experience to the Company and has an extensive background in structuring partnerships and physician relationships. Previously, Mr. Bundren served as Chief Financial Officer and General Counsel of a telecommunications start-up company that was subsequently acquired. He also served as the Chief Financial Officer of Active Services Corporation, the largest provider of adult day care services in the United States, and a physician practice management company. Earlier in his career, he held a senior management position with a national accounting firm. A certified public accountant and licensed attorney, Mr. Bundren is a member of the American Institute of Certified Public Accountants and the American Bar Association.

Organization Position Status
Symbion, Inc. Vice President, Acquisitions & Development Current
Active Services Corporation Chief Financial Officer Former

Organization Position Status
Symbion, Inc. Vice President, Acquisitions & Development Current
HealthTrust, Inc. Vice President of Development Former
University of Virginia Bachelor's Degree In Economics Former

Prior to joining Symbion as Vice President of Acquisitions & Development, Ms. Greene oversaw the acquisition and development of more than 250 facilities nationwide at National Surgical Care, United Surgical Partners International, and HealthSouth collectively. In addition to her extensive experience in the development of ambulatory surgery centers, Ms. Greene holds a Series 22 and Series 63 license as a Registered Representative and has successfully syndicated surgery center partnerships for more than a decade.

Organization Position Status
Symbion, Inc. Vice President, Acquisitions & Development Current

Organization Position Status
Symbion, Inc. Vice President, Acquisitions & Development Current
Hospital Partners Vice President of Development Former
Bariatric Partners, Inc Vice President of Development Former
Oklahoma State University Bachelor of Science Degree In Biological Sciences Former

Organization Position Status
Symbion, Inc. Vice President, Acquisitions & Development Current

Organization Position Status
Symbion, Inc. Vice President of Human Resources Current
Symbion, Inc. President Former
HealthSouth Corporation Group Vice President Former

Robert V. Delaney joined Crestview as a partner in 2007. He retired from Goldman, Sachs & Co. in 2003 where he served in a variety of leadership positions including head of the Principal Investment Area in Asia, head of the Principal Investment Area in Japan and head of the Leveraged Finance Group. Mr. Delaney has extensive experience in high yield debt, leveraged loans, restructuring, mergers and acquisitions and principal investing. Mr. Delaney received an MBA from the Harvard Business School and he received a B.A. in Economics from Hamilton College.

Organization Position Status
Symbion, Inc. Partner Current
Crestview Partner Current
Crestview Partners, L.P. Partner Current
Symbion, Inc. Board of Directors Current
Hamilton College Board of Directors Current
NYU Stern School of Business M.S. In Accounting Former
Hamilton College B.A. In Economics Former

Mr. Tyrrell has 20 years of venture capital experience as founding partner in three Richland Ventures funds and two Lawrence, Tyrrell, Ortale & Smith funds. Prior to entering the venture capital business, Mr. Tyrrell founded the Prudential-Bache Health Care Group, a specialized investment bank. Mr. Tyrrell also spent six years at Hospital Corporation of America as Vice-President of Finance. His responsibilities at HCA included capital market activity and acquisition analysis. Mr. Tyrrell has served as a director of numerous public and private companies including Oxford Health Plans, Symbion, Regal Cinemas, National Health Investors and Six Flags. He currently sits on five boards. Mr. Tyrrell received a B.S. degree in electrical engineering from the University of Tennessee and an M.B.A. degree from Harvard Business School.

Organization Position Status
Richland Ventures President Current
Richland Ventures Managing Partner Current
Symbion, Inc. Chairman Current
HCA Inc. Vice President of Finance Former
Hospital Corporation of America Vice President of Finance Former
Richland Ventures Managing Partners Former
Oxford Health Plans Director Former
National Health Investors, Inc. Director Former
Regal Cinemas Director Former
Six Flags, Inc. Director Former
Harvard Business School M.B.A Former
The University of Tennessee B.S. Degree In Electrical Engineering Former

Organization Position Status
Symbion, Inc. Board of Directors Current
Symbion, Inc. President & COO Former

Organization Position Status
Dollar General Corporation Director Current
iPayment, Inc. Director Current
Symbion, Inc. Board of Directors Current
Dollar General Corporation Finance Committee Member Current
Dollar General Corporation Divisional Merchandise Manager Former

Organization Position Status
South Atlantic Venture Funds Founder Current
Ballast Point Ventures Special Limited Partner Current
Lifestyle Family Fitness LLC Managing General Partner of South Atlantic Venture Fund Current
Ballast Point Ventures, L.P. Special Limited Partner Current
Partnerships Managing General Partner Current
Pre Solutions, Inc. Current
South Atlantic Venture Funds Chairman Current
Lifestyle Family Fitness LLC Advisor To the Board Current
Knology, Inc. Board of Directors Current
Capital Southwest Corporation Board of Directors Current
Ballast Point Ventures, L.P. Director Current
Idology Inc. Board of Directors Current
Symbion, Inc. Board of Directors Current
OSI Restaurant Partners, Inc. Investor Current
Regal Cinemas Investor Current
Telecom-USA.Com Investor Current
Mtl Corporation Investor Current
ITC Deltacom Inc. Investor Current
Powertel, Inc. Investor Current
Fidelity Ventures General Partner Former
U.S. Navy officer Former
Lifestyle Family Fitness LLC Advisor Former
Merrill Lynch & Co., Inc. Former
Harvard Business School MBA Former
Yale University MBA Former
Yale University Bachelor of Arts Degree In American Studies Former
Harvard Business School bachelor's degree and Former

Organization Position Status
Vantagepoint Venture Partners Venture Partner Current
Symbion, Inc. Board of Directors Current
Familymeds, Inc. Board of Directors Current
Milken School Board of Directors Current
Asteres Board of Directors Current
Los Angeles Youth Orchestra (Layo) Board of Directors Current
University Corp. Doctorate Former
University of California, Los Angeles MBA Former

Dr. Kurtin has over 20 years of experience as a healthcare executive and is a founding member of Pacific Venture Group (PVG). PVG was founded in 1995 and currently manages over $210 million in venture funds, investing in all aspects of healthcare including biotechnology, healthcare information technology, healthcare services and medical devices. Ms. Kurtin serves on the board of PVG companies Asteres, Centerre Healthcare Corporation, Familymeds, Vivant and Symbion (NASDAQ: SMBI) and is responsible for PVG's investment in Radiant Research. Dr. Kurtin was also responsible for PVG's investment in Zone Labs, recently sold to CheckPoint Software (NASDAQ: CHKP) and for Phase Forward (NASDAQ: PFWD) which completed a successful IPO in July 2004. In addition Dr. Kurtin is a founding member of the RAND Health Board of Advisors, and also serves on the Board of Advisors for the Harold Price Center for Entrepreneurial Studies at The Anderson School at UCLA, the President's Advisory Council for Barnard College, and the Board of Trustees for the American College of Physicians Foundation. Dr. Kurtin received a Doctorate of Pharmacy from University of Pacific and an MBA from the University of California, Los Angeles.

Organization Position Status
Asteres Board of Directors Current
Familymeds, Inc. Board of Directors Current
Centerre Healthcare Corporation Board of Directors Current
Symbion, Inc. Board of Directors Current
Vivant Board of Directors Current
Drugmax Inc. Investor Current
Radiant Research Inc. Investor Current
American Medical International Vice President Former
University Corp. Doctorate Former
University of the Pacific Doctorate of Pharmacy Former
University of California MBA Former
University of California, Los Angeles MBA Former

Organization Position Status
Symbion, Inc. Board of Directors Current

Kurt E. Bolin is a Principal of Stone Point Capital. Prior to the formation of Stone Point in 2005, Mr. Bolin was a Principal of MMC Capital. He joined MMC Capital in 1997 from GE Capital, where he held various private equity positions from 1986 to 1997, most recently as Managing Director of the Equity Capital Group. In addition to private equity investing, Mr. Bolin's activities at GE Capital included leading the acquisitions of various insurance companies. Mr. Bolin is a director of BLC Holdings, LLC, Wilton Re Holdings Limited and Mercator Risk Services, Inc. He holds a B.S. from Wake Forest University and an M.B.A. from the Wharton School of the University of Pennsylvania.

Organization Position Status
Stone Point Capital LLC Principal Current
Edgewood Partners Insurance Center Director Current
Symbion, Inc. Director Current
MMC Capital Principal Former
General Electric Capital Corporation Former
Wharton Graduate School of the University of Pennsylvania M.B.A. Former
The Wharton School of the University of Pennsylvania M.B.A. Former
Wake Forest University B.S. Former

Organization Position Status
Crestview Partners, L.P. Principal Current
Symbion, Inc. Board of Directors Current
Goldman, Sachs & Co. Analyst Former
Harvard College A.B. In Classics Former

Co-founded Crestview in 2004. Retired from Goldman Sachs in 2003 where he was the co-founder (1994) and head of the Financial Sponsors Group. The Financial Sponsors Group was responsible for Goldman’s investment banking activities with private equity firms around the world. During Mr. Murphy's tenure, Goldman enjoyed market leadership with these clients in the firm's most profitable product areas. In addition to his investment banking activities, Mr. Murphy originated and/or managed several of Goldman’s direct private equity and mezzanine capital investments. Mr. Murphy is a director of Symbion, FBCM and Key Safety Systems. Mr. Murphy received his MBA from Harvard University, where he earned second year Honors. Mr. Murphy received his A.B. from Princeton University. While at Harvard, Mr. Murphy co-founded the Massachusetts Bay Brewing Company. He serves on the Boards of Trustees of The Greenwich Country Day School; The Inner-City Scholarship Fund; The Madison Square Boys and Girls Clubs; and The Taft School.

Organization Position Status
Crestview Partners, L.P. Co-Founder & Managing Director Current
Fbcm Director Current
Key Safety Systems, Inc. Board of Directors Current
Symbion, Inc. Board of Directors Current
Greenwich Country Day School Board of Trustees Current
The Madison Square Boys & Girls Club Board of Trustees Current
Inner-City Scholarship Fund Board of Trustees Current
The Taft School Board of Trustees Current
FBR Capital Markets Corporation Board of Directors Current
Mass Bay Brewing Co. Co-Founder Former
Goldman, Sachs & Co. Co-Founder & Head, Financial Sponsors Group Former
Goldman, Sachs & Co. Partner & Managing Director Former
Harvard University M.B.A. Former
Princeton University A.B. Former
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