HOUSTON, TX--(Marketwired - Apr 20, 2015) - Nobilis Health Corp. -- Nobilis Health Corp. (
Nobilis will acquire a controlling stake in the hospital for cash consideration of $1.5 million dollars and the assumption of capital leases totaling approximately $2.4 million dollars. In addition, Nobilis will extend credit to the hospital and assume certain payment obligations to the hospital from Victory Healthcare.
"This acquisition continues the company's strategic plan for 2015 to acquire an in-network hospital option for our providers, patients and branded procedures," said Chris Lloyd, Nobilis' CEO. "With Nobilis' nationwide and international reach through its marketing programs, having an in network hospital will allow us to capture revenues from in-network leads generated from our marketing programs. The hospital's location, size and capabilities means the hospital can accommodate patients not only in the Houston area but from all over the country."
"Much like the First Street Hospital acquisition last year we expect to provide an immediate positive impact on the hospital revenues," stated Harry Fleming, President. "After this acquisition we will continue to seek opportunities that can benefit from our marketing programs but will also broaden our search to include larger, profitable companies that fit within the Nobilis business model."
About Nobilis Health Corp.
Nobilis utilizes innovative direct-to-patient marketing focused on a specified set of procedures that are performed at our centers by local physicians. We own and manage ambulatory and acute care facilities to deliver healthcare services. Nobilis owns and manages interests in ambulatory surgery centers in Houston, Dallas, and Scottsdale, Arizona. In addition, Nobilis owns one acute care hospital in Houston. Nobilis also owns and manages interests in two imaging centers and one urgent care clinic in Houston.
Forward-looking statements
This news release may contain forward-looking statements (within the meaning of applicable securities laws) and financial outlooks relating to the business of Nobilis Health Corp. (the "Company") and the environment in which it operates. Forward-looking statements are identified by words such as "believe", "anticipate", "expect", "intend", "plan", "will", "may" and other similar expressions and may discuss future expectations, contain projections of future results of operations or of financial condition, or state other forward-looking information. These statements are based on the Company's expectations, estimates, forecasts and projections and while the Company considers these to be reasonable based on information currently available, they may prove to be incorrect. They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. These risks and uncertainties are discussed in the Company's regulatory filings available on the Company's web site at www.NobilisHealth.com, www.Sedar.com and in the risk factors described in the Company's Form 10-K for the fiscal year ended December 31, 2014, filed on April 2, 2015. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. Other than as required by law, the Company undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances.