Seeking Alpha

MissionIR's  Instablog

MissionIR
Send Message
We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices. It is our unwavering commitment to connect the investment community with companies that have great potential and a strong dedication to... More
My company:
MissionIR
My blog:
MissionIR Blog
  • University General Health System, Inc. (UGHS) Acquires Dallas Area Physical Therapy Center 0 comments
    Apr 3, 2013 2:42 PM | about stocks: UGHS

    University General Health System, a diversified, integrated multi-specialty health care provider, announced that it has acquired a physical therapy center in Ennis, Texas, for an undisclosed amount of cash. Ennis Healthcare Systems specializes in physical therapy, rehabilitation, and pain management care.

    The acquisition sets Ennis Healthcare up to be a referral source for University General Healthcare, who can take on more complex orthopedic, spine, and pain-related medical procedures for patients in the greater Dallas metroplex. The center will operate as one of University General Hospital - Dallas' outpatient departments. Patients and visitors should expect to see the center rebranded as it will reflect University General's expanding presence in North Texas.

    University General's Chairman and CEO, Hassan Chahadeh, M.D., commented, "This purchase of the physical therapy center represents our ongoing expansion of the regional network strategy implemented initially in the Houston metropolitan area. This is our first North Texas regional ancillary care expansion since the December 2012 acquisition of our flagship hospital in the Dallas market, and we are pleased with the response from the local medical community. We expect an incremental net patient revenue contribution in excess of $2 million annually and an EBITDA contribution of more than $700,000 from the center."

    For more information, visit www.ughsystem.com

    Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html

    Stocks: UGHS
Back To MissionIR's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.