The doctor-owned Austin Surgical Hospital, which has been millions in the red for years, has been acquired by a group that plans to stop doing cosmetic plastic surgery and instead branch into other surgical specialties.
Arise Healthcare, which is made up of physicians and health administrators, acquired the 23-bed Rollingwood hospital from its corporate owner, Tennessee-based Symbion Inc., for an undisclosed amount.
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CORRECTION: An earlier version of this story incorrectly stated what the new owners plan to sell to local physicians. Arise Healthcare will sell half of the hospital’s equity.