United Surgical Partners International has acquired Titan Health Corp., according to a Cain Brothers case study report (pdf). Cain Brothers was retained by Titan as its financial advisor to explore sale of the company.
USPI has acquired Titan's equity ownership and management agreements in Titan's affiliated ambulatory surgery centers.
Seventeen ASCs and a project in development were acquired by USPI. Equity interests in two of Titan's ASCs were sold to physician partners.
Related Articles on ASC Transactions:
Tennessee Health System to Acquire Remaining Share of Chattanooga Surgery Center
Missouri Health System Acquires Majority Stake in Local Surgery Center
Surgery Partners Acquires 50th Ambulatory Surgery Center