In a recent press release, Foundation HealthCare announced its acuisition of a majority interest in Ninety Nine Healthcare Management, a physician practice management company.
OKLAHOMA CITY, May 12, 2016 /PRNewswire/ — Foundation HealthCare, Inc. (OTCQB: FDNH), which is an owner and operator of surgical hospitals and ambulatory surgery centers, today announced its acquisition of a majority interest in Ninety Nine Healthcare Management (“99MGMT”). 99MGMT is a healthcare management company founded by physicians to serve physicians and their patients. 99MGMT will continue to operate from their Dallas, Texas headquarters.
“A 99MGMT physician practice management relationship can yield on average a ten to fifteen percent increase in a physician’s revenues net of fees,” said Stanton Nelson, Chief Executive Officer for Foundation HealthCare. “99MGMT allows private practice physicians access to better resources without sacrificing decision making control and autonomy for their practice.”
See here for the full release.
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