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January 30, 2007
National Surgical Care Partners With Sawtooth Surgery Center In Twin Falls, Idaho
National Surgical Care today announced that it has acquired a majority interest in Sawtooth Surgery Center in Twin Falls, Idaho. Sawtooth Surgery Center is a multi-specialty surgery center with primary emphasis in orthopedic, ENT and ophthalmologic surgeries. Terms of the transaction were not disclosed.
Commenting on the announcement, Sami S. Abbasi, Chairman and Chief Executive Officer of NSC, said, "We are pleased to begin 2007 by making an investment in this exceptional facility. Sawtooth Surgery Center meets all the criteria of our model: an excellent reputation, skilled surgeons as long-term partners, and numerous opportunities for growth. We are confident this will be the first of many successful acquisitions for NSC in 2007."
Commenting on the partnership with NSC, H. Peter Doble II, MD, the lead partner of Sawtooth Surgery Center stated, "Our surgery center is a vital part of the Twin Falls medical community and our medical practices. This partnership enables us to realize the value we created in founding Sawtooth Surgery Center while gaining access to first-class management expertise. We are confident NSC's physician-oriented operating philosophy will have a positive impact on our center's operations and will bring the center to a higher level of performance."
NSC owns and operates a network of surgery centers in partnership with physicians and healthcare systems across the United States. The Company is dedicated to clinical excellence in outpatient surgery and adds value to its surgical facilities by providing superior operations management. NSC is actively seeking additional physician-owned surgery centers to join its growing network.
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