The partner, Brad Kovnat, filed the complaint against Northstar Healthcare, which holds a majority ownership stake in the ASC, alleging the publicly-traded company has allowed the center’s finances to deteriorate since a change in management in 2008.
The plaintiff alleges net income dropped drastically in 2008 and 2009, and that a receiver is necessary to resyndicate the partnership and move the company forward, says his attorney, Craig Smyser, a partner with the law firm Smyser Kaplan & Veselka in Houston.
Northstar Healthcare owns and operates two ASCs in Houston, manages one pain management facility there, and manages a third ASC in Dallas. Attempts to reach representatives of the company were not successful.
Learn more about the complaint.
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