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U.S. HealthWorks acquires 11 medical centers

Posted: October 20, 2011 1:55 a.m.
Updated: October 20, 2011 1:55 a.m.

U.S. HealthWorks has acquired 11 Nashville-area medical centers this week. The Valencia-based occupational health care organization has been expanding continuously for more than a year by purchasing centers across the country and securing capital to fund its expansion efforts.

In October, U.S. HealthWorks acquired a medical center in Camarillo.

In August, the company announced it had purchased Minnesota-based NorthWorks Occupational Health. In May 2010, the company acquired Technimed Occupational Medicine health care centers located in Vernon and Commerce. And in February 2010, U.S. HealthWorks bought three health care centers that operated under the name Tucson Occupational Medicine.

U.S. HealthWorks announced it completed a $205 million refinancing initiative in January of this year with GE Capital. The provider of health care for on-the-job injuries and urgent care also completed a $175 million financing package with GE Capital in January of 2010.

The organization has more than 140 medical centers in 14 states, with 2,000 employees including approximately 350 affiliated physicians.

Locally, two local physicians, Dr. Larry Barnhart and Dr. Ralph Farinella, opened medical clinics in Saugus and Canyon Country in 1985. When Farinella retired in 2000, Barnhart opened a Valencia clinic in 1992, closing the Canyon Country location. U.S. Healthworks purchased the medical centers in January 2009.


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