Northstar Healthcare will own 51 percent of the new entity, while First Surgical Partners will own the remaining stake. Northstar will contribute $7.5 million to the new entity.
“These facilities will help Northstar diversify and expand our revenue streams. This transaction is in line with our efforts to create unique revenue generation platforms in the healthcare industry. We are extremely confident that we can materially affect First Surgical’s $28 million revenue stream with the Northstar model,” said Northstar president Harry Fleming.
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