Brown Gibbons Lang & Company (BGL), a leading middle market investment bank, is pleased to announce that its client, Heritage Park Surgical Hospital (HPSH), has partnered with Texas Health Ventures Group (THVG), an affiliate of Baylor Scott & White Health (BSWH). BGL served as the exclusive financial advisor to HPSH in the transaction. The specific terms of the transaction were not disclosed.
Opened in 2005 in Sherman, Texas, physician-owned Heritage Park Surgical Hospital is a regional provider of inpatient and outpatient surgical services across virtually all specialties, including orthopedics, ENT, gastrointestinal, and general surgery. The state-of-the-art surgical hospital is equipped with 10 operating suites, 12 inpatient rooms, and additional procedure space for a variety of diagnostics and pain management.
Texas Health Ventures Group is a joint venture between United Surgical Partners International (USPI) and Baylor Scott & White Health, both based in Dallas, Texas. THVG operates approximately 25 ambulatory surgery centers and 10 surgical hospitals in North Texas, in partnership with over 700 physician owners. USPI is the largest operator of short-stay surgical facilities in the United States, owning currently more than 260 short-stay facilities in partnership with over 4,000 physicians and serving over one million patients each year. BSWH is the largest not-for-profit healthcare system in Texas and one of the largest in the United States.