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Owns 31 locations across Texas and Arizona, including 5 hospitals, 13ĪSCs, and 13 multi-specialty clinics. Is a full-service healthcare development and management Company. Harry Fleming would retain his CEO title and would serve in the Take over as the Chairman of the Board, effective from November 16,Ģ017. Kramer will retire from the Board of Directors and Harry Fleming will
Moreover, it would create an opportunity for Nobilis to expand its footprint within the Houston market.Īlso announced the modification in its top management. Services to the physicians who are newly aligned with Nobilis. Pooled resources from both Companies would help expand marketing It would create an opportunity for Nobilis to improve conversion through the increase in referral-based business. It would create operational efficiencies by leveraging the best practices from both Companies. Surgical's assets with Nobilis would lead to a number of benefits, Kenneth Efird, President at Nobilis, also highlighted the strategicīenefits from the acquisition. Healthcare to its patients, and communities across the Houston area. Its in-network revenue as it adds nearly 76 physician partners to theĬompany's existing network of surgeons in the Houston market.Īdded that the transaction is not just accretive to earnings, but itĪlso enhances Nobilis' ability to deliver outstanding, cost-effective Which are currently located at the same address.įleming, Chief Executive Officer at Nobilis, stated that theĪcquisition would create a strategic opportunity for Nobilis to boost September 30, 2017, for the acquired facilities was $49.0 million andĪnticipates operational efficiencies of nearly $2 million from theĬonsolidation of one Elite ASC with one existing Nobilis ASC, both of Trailing twelve months revenue and adjusted EBITDA for the period ended Productivity, reduce staffing requirements, and lessen operating costs Nobilis would benefit from the economies of scale, resulting from theĮxpanded platform of facilities. Of this, ten locations would operate under in-network contracts with This includes nine surgical facilities and four clinics. Of $6.1 million, seller notes of around $3.5 million, and stock of $0.5įinancial Implications of the TransactionĪ result of the acquisition, Nobilis would now own 13 locations in the The remaining $10 million, the Company intends to use its cash on hand Plans to fund the acquisition through expansion of its current creditįacility by $50 million with BBVA continuing as its lead arranger. Had agreed upon a total purchase price of $60 million. Go directly to your stock of interest and access Today, our research desk covers a blog story on HLTH Īlso brushing on THC. Pro-TD, we make it our mission to bring you news that matter about the 
PROTRADER ELITE FREE
Go directly to your stock of interest and access today's free coverage at At Today, our research desk covers a blog story on HLTH also brushing on THC. That get our report on Tenet Healthcare when we publish it.Īt Pro-TD, we make it our mission to bring you news that matter about the stock you follow.
Site to register for a free membership, and be among the early birds November 06, 2017, its financial results for Q3 2017. Pro-TD has currently selected Tenet Healthcare Corp.įor due-diligence and potential coverage as the Company announced on More of our free reports coverage from other companies within the Tune in to our site to register for a free membership, and be among the early birds that get our report on Tenet Healthcare when we publish it.
PROTRADER ELITE FOR FREE
Including today's coverage, register for free now at:įor due-diligence and potential coverage as the Company announced on November 06, 2017, its financial results for Q3 2017. For immediate access to our complimentary reports, Ownership interest in Elite Surgical Affiliates' portfolio of threeĪmbulatory surgery centers (ASCs) and one surgical hospital in the The Company announced on November 16, 2017, that it has acquired 50.1% (NYSE: HLTH), following which we have published a free report that can be viewed by signing up at. Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Nobilis Health Corp.
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