First Surgical Texas, an owner and operator of two ambulatory surgery centers and a general acute care hospital in the greater Houston metro area, has been acquired by Arkson Nutraceuticals, according to a news release.
First Surgical Texas owns First Street Surgical Center, First Surgical Woodlands and First Street Hospital. The company reported revenues of more than $44 million for the fiscal year ending Dec. 31, 2009, according to the release.
It was founded in 2002, and has more than 30 affiliated physicians and an additional 60 non-affiliated physicians that use First Surgical's locations for surgical procedures. Procedures performed include bariatrics, reconstructive and cosmetic plastics, orthopedics, pain management, neurosurgery and podiatry.
Under the terms of the acquisition, the company will change its name to First Surgical Partners, of which First Surgical Texas will continue to operate as a wholly-owned subsidiary. The company will now be publicly traded and listed on the OTC Bulletin Board.
Tony Rotondo serves as CEO and Dr. Jacob Varon serves as chairman of the board of Arkson. No additional information about Arkson is available at this time.
Read the news release about the acquisition of First Surgical.