Northstar Healthcare, an owner and manager of ambulatory surgery centers, has announced the syndication of its newly formed operating partnership MicroSurgery Institute (MSI) of Houston.
The syndication involves an initial seven physician partners. Northstar will participate in the MSI partnership by leasing the surgery center assets and staff of The Palladium for Surgery – Houston to MSI for an ownership interest of 25 percent, a joint venture with an intended contractual life of one year, according to a news release from Northstar Healthcare.
Under the arrangement, Northstar will manage MSI and work to identify additional physician partners to participate in the MSI partnership.
Read the news release about the syndication of MIS by Northstar Healthcare.
Read more about Northstar Healthcare:
- Northstar Healthcare Brings Dr. Donald Kramer Back as CEO
- Northstar Healthcare's Houston Facility Settles Payor Dispute