Nobilis Health has closed its previously announced acquisition of Hamilton Vein Center.
“Hamilton Vein Center not only increases our in-network patient volume mix to over 60%, but its six facilities enhance our network of physicians, allowing Nobilis to generate additional surgical case volume and revenue while maintaining its commitment to high quality, concierge health care service patient experiences,” said Kenneth Efird, president of Nobilis. “The Hamilton Vein brand is a tremendous addition to our network. We look forward to marketing that brand and expanding our Clarity vascular brand to Austin and San Antonio, new markets for us, while driving additional volume to our Houston facilities.”
The company acquired Hamilton for approximately US$13.3m, comprised of US$8.3m in cash and US$5m in the form of a convertible note. The note is convertible to cash or stock at the company’s election, and is payable in two equal instalments over a two-year period.