Sponsored by VMG Health | gregk@vmghealth.com / osullivan@vmghealth.com | 214.369.4888
Health Management Associates to Acquire Florida's Wuesthoff Health for $145M
Rockledge, Fla.-based non-profit Wuesthoff Health System has agreed to sell its assets to Naples, Fla.-based Health Management Associates for $145 million, according to a report by Florida Today.The sale of the non-profit system to a for profit hospital operator must be approved by state and federal regulators.
The sale is expected to be finalized by Oct. 1. HMA has said it will retain Wuesthoff's employees, according to the report.
Read the Florida Today report on Wuesthoff Health System.
Read more about HMA:
- HMA Profits Up 22% Due to Increased Volumes
- HMA Acquires Majority Stake in Three Shands Hospitals
© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
Dow Jones
Company ID [INDEXDJX:.DJI] Last trade:12,502.81 Trade time:4:04PM EDT Value change:▼1.67 (-0.01%)NASDAQ
Company ID [INDEXNASDAQ:.IXIC] Last trade:2,839.08 Trade time:5:16PM EDT Value change:▼8.13 (-0.29%)S&P 500
Company ID [INDEXSP:.INX] Last trade:1,316.63 Trade time:4:32PM EDT Value change:▲0.64 (0.05%)Channels