Foundation Healthcare Announces The Sale Of Its Minority-Owned Surgery Centers. CEO Announces Converting Salary To Stock
Foundation HealthCare | October 27, 2016
Foundation HealthCare, Inc. (OTCQB: FDNH), which is an owner and operator of surgical hospitals, announced today the Company has sold the non-controlling interests it owned in seven ambulatory surgery centers (“ASCs”) and substantially all the assets of Foundation Surgery Management, LLC (“FSM”) to Healthcrest Surgical Partners, LLC (“Healthcrest”). The principals of Healthcrest were the management of the Company’s ASC division prior to the transaction.