Nobilis Healthcare to acquire Victory Healthcare Houston Hospital: 3 things to know

Nobilis Healthcare plans to acquire Victory Healthcare Houston Hospital, according to a Benzinga report. Here are three things to know about the transaction.

Advertisement

1. Victory Healthcare Houston Hospital is a 25-bed, six-operating room surgical hospital.

2. Nobilis entered into an agreement to acquire a majority stake in the surgical hospital. Nobilis will pay $1.5 million in cash considerations and assume capital leases, for an approximate total of $2.4 million.

3. Additionally, Nobilis will extend credit to the hospital, according to the report.

More articles on transactions and valuation issues:
Tennessee’s CON program up for review
Surgical Care Affiliates appoints Tom De Weerdt CFO: 3 things to know
3 new joint venture ASCs – March & April 2015

Advertisement

Next Up in ASC Transactions & Valuation Issues

  • The federal physician self-referral law — better known as the Stark law — was enacted in 1989 and aims to…

  • Hospital consolidation continued in the past month, with health systems across the U.S. signing and closing merger, acquisition and transfer…

Advertisement

Comments are closed.