M&A Deal Summary

Foundation Healthcare Acquires Ninety Nine Healthcare Management

On May 12, 2016, Foundation Healthcare acquired healthcare services company Ninety Nine Healthcare Management

Acquisition Highlights
  • This is Foundation Healthcare’s 2nd transaction in the Healthcare Services sector.
  • This is Foundation Healthcare’s 2nd transaction in the United States.
  • This is Foundation Healthcare’s 2nd transaction in Texas.

M&A Deal Summary

Date 2016-05-12
Target Ninety Nine Healthcare Management
Sector Healthcare Services
Buyer(s) Foundation Healthcare
Deal Type Add-on Acquisition

Target

Ninety Nine Healthcare Management

Dallas, Texas, United States
Ninety Nine Healthcare Management is a healthcare management company founded by physicians to serve physicians and their patients. 99MGMT will continue to operate from their Dallas, Texas headquarters. 99MGMT provides a variety of critical practice management services relieving the hassles of running a practice, so physicians can focus on delivering exceptional patient care. Services offered by 99MGMT include practice operations, payer contracting, revenue cycle management, strategic marketing, electronic health record optimization, human resources, and ancillary service development, which complements the core medical practice.

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Buyer(S) 1

Buyer

Foundation Healthcare

Oklahoma City, Oklahoma, United States

Category Company
Sector Healthcare Services
Employees689
DESCRIPTION

Foundation Healthcare, Inc. is an owner and operator of surgical hospitals including ancillary hospital based services.


DEAL STATS #
Overall 2 of 2
Sector: Healthcare Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-04 University General Hospital

Houston, Texas, United States

University General Hospital LP is an operator of specialty surgical hospital.

Buy $33M