Houston-based Nobilis Health closed its acquisition of Hamilton Vein Center in Sugar Land, Texas.
The company acquired Hamilton Vein Center for around $13.3 million, including $8.3 million in cash and $5 million in the form of convertible note. The convertible note can be cash or stock at the company's election and is paid in two equal installments over a two-year period.
Nobilis includes 25 locations in seven states, with four hospitals and 10 ASCs. The company partners with 38 additional facilities and has nine independent brands.
"Hamilton Vein Center not only increases our in-network patient volume mix to over 60 percent, but its six facilities enhance our network of physicians, allowing Nobilis to generate additional surgical case volume and revenue while maintaining its commitment to high quality concierge healthcare service patient experiences," said Kenneth Efird, president of Nobilis.
The company reported a 24.7 percent increase in 2016 revenue, hitting $285.7 million for 2016. The company expects revenue to hit $310 million to $325 million in 2017.