Courtesy of Benzinga.
Nobilis Health Corp. (NYSE MKT: HLTH) today announced that it has entered into an agreement to acquire Peak Surgeon Innovations, LLC (“Peak”), a provider of intraoperative neuromonitoring (“IOM”) services for hospitals, surgery centers and other healthcare facilities. Nobilis will pay $700,000.00 in cash and $800,000.00 in Nobilis common stock, and the seller, Dr. Brian Hasse, will be entitled to receive an earn out based on the service line’s EBITDA after 18 months of operations under Nobilis. Dr. Hasse executed an employment agreement with Nobilis naming him the Vice President of Nobilis’ new electrodiagnostic division. Through the real-time observation and recording of electrical potentials from the nervous system during surgical operations, IOM helps reduce the risk of damage to the nervous system by providing functional guidance to the surgeon and anesthesiologist.
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