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Houston firm takes control of Renaissance Healthcare

Dallas Morning News, May 22, 2008

Houston-based healthcare firm Atlantic Health Care has acquired a majority stake in Renaissance Healthcare Systems, putting a Grand Prairie, TX, hospital back on target for a 2009 opening. Atlantic will pay off Renaissance's current debt, pay back $6.5 million in liens to subcontractors and then start construction at the Grand Prairie facility, which is 80% complete. Construction at the hospital stopped in late 2007, and records showed that several dozen liens were filed this year against Renaissance for nonpayment.