University General Health System in Houston has completed the acquisition of a minority interest in ASP of Dickinson LLP, d/b/a Mainland Surgery Center, in Dickinson, Texas, according to a system release.
UGHS has an exclusive right to acquire the balance of the equity under certain terms and conditions. The transaction includes a management services agreement with UGHS Management Services, a wholly-owned subsidiary of University General Health System.
Mainland Surgery Center's revenues in 2010 approximated $1.2 million, and revenues are expected to increase significantly under the new ownership and management structure.
University General Health System currently operates one general acute-care hospital in Houston, one free-standing emergency room and one ASC, with plans for additional acquisitions in 2011 and future years.
Read the release on UGHS and Mainland Surgery Center.
Related Articles on ASC Transactions and Valuation:
Massachusetts Hospital Breaks Ground on Surgery Center in Winchester
Indiana's Memorial Health Systems Plans Clinic With Outpatient Surgery Rooms
New Georgia Orthopedic Surgery Center Opens in Johns Creek
UGHS has an exclusive right to acquire the balance of the equity under certain terms and conditions. The transaction includes a management services agreement with UGHS Management Services, a wholly-owned subsidiary of University General Health System.
Mainland Surgery Center's revenues in 2010 approximated $1.2 million, and revenues are expected to increase significantly under the new ownership and management structure.
University General Health System currently operates one general acute-care hospital in Houston, one free-standing emergency room and one ASC, with plans for additional acquisitions in 2011 and future years.
Read the release on UGHS and Mainland Surgery Center.
Related Articles on ASC Transactions and Valuation:
Massachusetts Hospital Breaks Ground on Surgery Center in Winchester
Indiana's Memorial Health Systems Plans Clinic With Outpatient Surgery Rooms
New Georgia Orthopedic Surgery Center Opens in Johns Creek