First Street Surgical Center
First Street Surgical Center, Inc. is our flagship ambulatory surgical center. Located in Bellaire, Texas, a suburb of Houston. First Street Surgical Center opened its doors in February of 2003. Our original business model allowed for an average of 250 cases per month. That projection was met almost immediately in our first year, which saw 2572 cases at the facility. In our second year of operations, our caseload increased by 56%, to 4011, prompting expansion plans to double the size of our physical plant and allow for a caseload of 500 per month.
From the outset, the environment that First Street Surgical Center presented to physicians and patients was attractive. Patients were treated with respect, dignity and compassion by clinical staff handpicked at the executive level for their commitment to patient care. The success of this facility allowed for a high nurse to patient ratio, creating a reassuring and comfortable experience for our patients. The attentive expertise of the clinical staff benefited the physicians as well, who found their clinical requirements were readily met. Our original projections were to include six surgeons as Limited Partners. That has grown to seventeen. These surgeons practice within a wide scope of disciplines including cosmetic surgery, reconstructive surgery, orthopedic surgery, neurology, otolaryngology, podiatry, gastroenterology, ophthalmology, etc.
In 2005, an expansion was planned in order to accommodate the increased demand at First Street Surgical Center, Inc. It was decided that in order to further embrace First Surgical Partners, Inc.’s vision of a multi-specialty approach, and to navigate the ever-changing complexities of managed care, that a hospital would better suit the needs of the community and our physician partners. The expansion plans subsequently took on the shape of a hospital component adjacent to the Surgical Center and thus was born First Street Hospital, Inc., which opened its doors late in 2006.
First Surgical Partners, Inc. SEC Filings