The health system will divest Houston-based UGH Diagnostic Imaging, Houston-based UGH Physical Therapy, UGH Kingwood (Texas) Diagnostic and Rehabilitation Center, Sugar Land, Texas-based Robert Horry Center for Sports and Physical Rehabilitation, UGH Woodlands (Texas) Physical Therapy, and UGH Waxahachie (Texas) Diagnostic Center.
Hassan Chahadeh, MD, chairman and CEO of UGH said the savings achieved by the divesture of the outpatient departments will contribute to the $13 million in annual cost reductions that have been implemented at University General Hospital in Houston — the health system’s flagship hospital.
More articles on healthcare industry transactions:
FTC rejects proposed consent agreement in Phoebe Putney Hospital merger case
Daughters of Charity sets deadline for acquisition offers
PeaceHealth, Ocean Beach merger agreement delayed
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.
