Nobilis Health closes surgical hospital, ASCs; owes millions tied to credit agreement

Houston-based Nobilis Health Corp. closed three facilities on Sept. 27 after being appointed a temporary receiver for its assets, according to reports from Market Exclusive and Houston Business Journal.

Nobilis closed Kirby Surgical Center in Houston, Plano (Texas) Surgical Hospital, and Uptown Surgery Center of Plano Surgical Hospital in Dallas. The organization also shut down its Peak intraoperative neuromonitoring service business the same day.

Three days prior, the 44th District Court of Dallas County appointed Howard Marc Spector as temporary receiver for all the assets of Nobilis Health, its indirect subsidiary Northstar Healthcare Acquisitions and certain other subsidiaries. Mr. Spector is a partner and bankruptcy attorney at Spector & Johnson.

According to Nobilis' SEC filing from Sept. 27, the bank holding company BBVA USA is demanding payment of over $123.2 million related to the company's credit agreement, as well as $7.75 million tied to matured loans in a super priority credit agreement.

Nobilis closed two other facilities — Surgeons' Premier Medical Center in Sugar Land, Texas, and Scottsdale (Ariz.) Liberty Hospital — on Sept. 13. The closures came after Nobilis' Chief Legal Officer Marissa Arreola and former CFO Brandon Moreno resigned on Sept. 6.

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