Tenn. firm buys dialysis group. Renal Care Group, Nashville, said last week that it reached an agreement to purchase the assets of the outpatient dialysis program of North Mississippi Health Services, a six-hospital system based in Tupelo, Miss. The program serves 450 patients in seven locations in and around Tupelo. Terms were not disclosed. The deal is expected to close by Nov. 30. Renal Care Group owns 225 outpatient dialysis facilities and provides dialysis services in 118 acute-care hospitals.
U.S. Oncology opens cancer center. U.S. Oncology, Houston, announced last month the openings of a cancer-care center near Portland, Ore., and of a mobile positron emission tomography unit in suburban Chicago. The 21,000-square-foot cancer center, the company's 76th, was opened in Vancouver, Wash., with Northwest Cancer Specialists, an oncology group practice with offices in Portland and Vancouver. The PET installation is the company's 10th. U.S. Oncology announced this month that it will shed its physician-practice assets, a move that will cost it $60 million in restructuring charges, a $420 million write-off of long-term assets and good will associated with the practices, and an annual net drop in operating earnings of $53 million. The sale of the assets back to the physician practices should allow the company to cut its long-term debt by $140 million.
USP buys Fla. surgical center. United Surgical Partners International, Dallas, last month bought a majority interest in an ambulatory surgical center in Sarasota, Fla. The price was not disclosed, but United Surgical officials said they bought a 66% interest in the facility. The independent physicians who owned the center have the remaining stake. The center includes four operating rooms and specializes in orthopedic and urologic surgeries. The acquisition is United Surgical's second since the company's initial public offering in June; in the other deal, which closed in July, the company bought a Fort Worth, Texas, surgery center from physicians.