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.
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