Nobilis Health has agreed to acquire Victory Healthcare Plano (Texas) Hospital. Here are four things to know about the transaction.
1. No cash will be exchanged in the transaction. Nobilis will fully acquire the surgical hospital for the assumption of $5.5 million in equipment leases and $7 million in bank debt.
2. Victory Healthcare Plano Hospital houses 25 beds and six operating rooms.
3. The acquisition was motivated by Nobilis' desire to grow its in-network revenue. "Our surgical center in Dallas is near capacity and this acquisition continues the company's strategic plan for 2015 to acquire additional in-network hospital capacity for our providers, patients and branded procedures," said Nobilis CEO Chris Lloyd.
4. Nobilis owns and manages ambulatory and acute care facilities. The company has centers in Dallas, Houston and Scottsdale, Ariz.