Related Party Transactions

9 Months Ended

Sep. 30, 2014

(7)

Related Party Transactions

Included in general and administrative expenses are management fees payable to an affiliate of Welsh Carson, which holds a controlling interest in the Company, in the amount of $0.5 million and $1.5 million in both the three months and nine months ended September 30, 2014 and 2013, respectively. Such amounts accrue at an annual rate of $2.0 million. The Company pays $1.0 million in cash per year with the unpaid balance due and payable upon a change in control. At September 30, 2014, the Company had approximately $8.0 million accrued related to such management fee, of which $0.5 million is included in other current liabilities and $7.5 million is included in other long-term liabilities in the accompanying consolidated balance sheet.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References+ Details

UNITED SURGICAL PARTNERS INTERNATIONAL INC 10-Q