IRVING, Texas, Dec. 24, 2015 /PRNewswire/ -- USMD Holdings,
Inc. (NASDAQ: USMD), a physician-led integrated healthcare system,
announces that it has entered into a definitive agreement to sell
most of its lithotripsy division to United Medical Systems (UMS), a
leading provider of mobile medical equipment and services,
including urology, women's health and MRI imaging, to hospitals,
surgery centers and physician offices across the U.S., Canada and South
America. This deal was finalized on December 18, 2015.
"Although the lithotripsy division has been an extremely
valuable part of USMD Health System, this transaction allows USMD
to focus on our efforts on continuing to deliver world-class,
cost-effective healthcare to patients in our clinics, hospitals,
and cancer treatment centers, and solidifying our position as one
of the leading health systems in the DFW Metroplex," said
John House, M.D., chief executive
officer and chairman of the board, USMD Holdings, Inc.
"UMS is excited to add the USMD lithotripsy division to our
line-up of mobile medical services," said Jorgen Madsen, president and chief executive
officer, UMS. "We view this opportunity to expand our lithotripsy
services as an important part of our commitment to continually
offer our clients increased access to superior technology. The
acquisition of USMD's lithotripsy division is a continuation of our
mission to achieve a nationwide footprint for our transportable
medical services. We are excited to welcome the USMD lithotripsy
division to our family."
As further described by Mr. Madsen, "UMS's unique platform
offers clients the appearance of a full-time, in-house program,
without incurring the cost and burden associated with a fixed
program. The turnkey solutions provided by UMS offer equipment
delivery, setup, support and operation by its experienced medical
imaging technologists, on a fee-for-service basis. UMS transports
equipment into and out of the procedure suites on a daily basis and
has performed more than 650,000 procedures in more than 850 medical
facilities."
Prior to the acquisition, USMD had in excess of 20 lithotripsy
ventures, in syndication, mobilizing 28 lithotripters in 10 states
and performing more than 12,000 extracorporeal shock wave
lithotripsy procedures annually. After the acquisition, USMD
retained sixty percent of its ownership in Metro I Stone
Management, Ltd., a Texas limited
partnership which operates in the D/FW market.
To learn more about USMD Health System, please visit
www.USMD.com. To learn more about UMS, please visit
www.UMS-USA.com.
About USMD Holdings, Inc.
USMD is a publicly held
(NASDAQ: USMD), physician-led, integrated health system committed
to exemplary patient care. Headquartered in Irving, Texas, USMD serves the Dallas-Fort Worth metropolitan area with more
than 250 physicians and associate practitioners, and provides
healthcare services to patients in just under 20 different
specialties at its two hospitals, four cancer treatment centers and
more than 50 physician clinics, many of which are multi-specialty.
All 29 of USMD's primary care clinics have been accredited by the
Patient-Centered Medical Home Program, a recognition program that
is part of the National Committee for Quality Assurance. This
recognition means that USMD's primary care clinics successfully
display and utilize evidence-based, patient-centered processes that
focus on highly coordinated patient care and long-term patient
relationships. For more information about USMD, visit
www.USMD.com.
About United Medical Systems (UMS)
UMS provides
affordable, advanced mobile medical services. Its unique
transportable platform offers the appearance of a full-time,
in-house program, without incurring the cost and burden associated
with a fixed program. United Medical Systems pioneered the concept
of shared mobile medical services – Lithotripsy and Stereotactic
Breast Biopsy – and has become an international leader by
partnering with medical facilities ranging from hospitals,
ambulatory surgery center and physician offices to medical
equipment manufacturers. UMS is an internationally recognized
company servicing over 850 facilities across the United States, as well as operating in
Canada and South America – Chile and Peru.
To learn more about UMS, please visit www.UMS-USA.com.
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SOURCE USMD Holdings, Inc.
