Nobilis Acquires Plano Hospital for $5.8M

Nobilis Health Corp. (NYSE MKT: HLTH) ") today announced that the U.S. Bankruptcy Court for the Northern District of Texas, approved a Sale Order for the sale of assets of Victory Plano Hospital, LP ("Plano") for a total purchase price of approximately $5.8 million. The purchase price consisted of a cash payment of $1.3 million, the assumption of Plano's loan with Legacy Bank of approximately $4.5 million and the assumption of Plano's capital equipment leases and real estate lease. Nobilis also acquired all of Plano's inventory, supplies and equipment plus all of Plano's outstanding accounts receivable for surgical procedures performed in the twelve months prior to closing as well as certain proceeds related to Plano's settlement agreement with CIGNA, which Nobilis believes have an aggregate value of between $1.0 million and $3.0 million.The final deal terms represent a significant savings for Nobilis as compared to the deal terms originally agreed upon this past May. The prior deal was valued, in the aggregate, at $12.5M, with assumed capital equipment leases of $5.5 million, assumed bank debt of $7.0 million and with no account receivables to be acquired."As with our See full press release