Foundation purchased UGH for $33 million in a court-approved sale. With the transaction completed, UGH will be immediately rebranded as Foundation Surgical Hospital of Houston.
“Our executive team has over 20 years of experience working with the physicians in the Houston market,” said Foundation CEO Stanton Nelson. “We look forward to working with our many physician friends as we execute our proven growth strategy at this hospital.”
More articles on healthcare industry transactions:
18 hospital transactions and partnerships in December
CHS to acquire majority ownership of 2 IU Health hospitals
Private equity firms make a splash in healthcare M&A
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.