Edition:
India

Medical Facilities Forms Joint Venture With NueHealth, Buys 7 Ambulatory Surgical Centers


Saturday, 13 Jan 2018 

Jan 12 (Reuters) - Medical Facilities Corp ::MEDICAL FACILITIES CORPORATION FORMS JOINT VENTURE WITH NUEHEALTH, ACQUIRES SEVEN AMBULATORY SURGICAL CENTERS.MEDICAL FACILITIES CORP - JOINT VENTURE, CALLED MFC NUETERRA HOLDING COMPANY, LLC, WILL BE MAJORITY-OWNED BY MEDICAL FACILITIES.MEDICAL FACILITIES CORP - CO'S PORTION OF $46.5 MILLION TOTAL PURCHASE PRICE WILL BE FUNDED BY CASH​, DRAW ON CREDIT FACILITIES.MEDICAL FACILITIES CORP SAYS ACQUIRES SEVEN AMBULATORY SURGICAL CENTERS FROM MERIDIAN SURGICAL PARTNERS OF BRENTWOOD, TENN.MEDICAL FACILITIES CORP - ‍IN AGGREGATE, JV WILL OWN ABOUT 53% EQUITY INTEREST IN CENTERS​.MEDICAL FACILITIES - ACQUISITION OF THE 7 CENTERS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO CO'S CURRENT OPERATIONS. 

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