The new surgery center, which is expected to open later this month, will be co-managed with Jacinto Medical Group, a multi-specialty group of physicians from Baytown.
Once acquired, the center will operate as a hospital outpatient department of University General Hospital. It is expected to perform more than 3,100 procedures, primarily in gastroenterology and pain management, and generate $12 million in revenue and $5 million in EBITDA during its first year of operations.
Related Articles on ASC Acquisitions:
Gailey Eye Clinic to Purchase Advanced Eye Surgery & Laser Center in Decatur
NY’s Unity Health System Set to Acquire Linden Oaks Surgery Center
Private Equity Firm Acquires Rhode Island Surgery Center
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
