National Surgical Hospitals explores sale
09 December 2016
National Surgical Hospitals Inc (NSH), is exploring a sale that could value the US surgical centre operator at nearly $1 billion, including debt, Reuters yesterday reported, citing people familiar with the matter.
National Surgical Hospitals, owned by private equity firm Irving Place Capital, is working with an investment bank on a sale process, the report said.
Founded in 1998 by current members of its leadership team, NSH has grown to a portfolio of 20 surgical facilities across 12 states.
Its facilities focus primarily in the musculoskeletal area and includes orthopedics and spine. In addition, NSH supports general, bariatric, urology, ENT, GYN, ophthalmology, and plastic surgery.
Irving Place acquired National Surgical Hospitals in 2011 for an undisclosed sum and later acquired three more healthcare hospitals and merged them with National Surgical Hospitals.
The vast majority of the company's revenue comes from surgical centers and about 20 per cent comes from other operations.