“Such regional health networks and ancillary services will reflect a vertically integrated, diversified system …,” the company’s 2011 financial report said.
The system largely used debt to finance the Dallas hospital deal, which also includes a medical office building.
The newly acquired hospital will generate $40 million in revenue and $15 million to adjusted earnings before interest, taxes, depreciation and amortization for 2013, according to the company.
For the nine months that ended in September, the company reported net income of $7.8 million on revenue of $84.1 million, compared with net income of $378,000 on revenue of $54 million for the same period the prior year.
Officials for University General Health System did not respond by deadline to requests for additional information.
