United Surgical Partners International, Dallas, entered the Michigan market with a joint-venture agreement with six-hospital McLaren Health Care Corp., Flint. McLaren Chief Executive Officer Phillip Incarnati said he expects the venture to develop at least six ambulatory surgery centers that will be owned jointly by McLaren, USPI and local surgeons, costing $5 million to $7.5 million each. USPI operates 62 surgical facilities, 25 of which are jointly owned by 17 U.S. health systems. Meanwhile, surgical hospital operator Dynacq Healthcare, Pasadena, Texas, said it will restate financial results for its fiscal years ended Aug. 31, 2001 and 2002, but with no cumulative impact on retained earnings. Dynacq said the changes -- to reclassify certain accounts receivable to long-term status and correct an accounting error related to the exercise of stock options -- are being made in connection with an ongoing review of the company's financial reports by the Securities and Exchange Commission. Dynacq operates surgery centers in Texas and Louisiana. -- by Mary Chris Jaklevic
Surgical chain enters venture with Mich. system
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