Texas hospital forced to close gets potential lifeline

Bowie (Texas) Memorial Hospital closed Nov. 16, but the financially troubled hospital may reopen.

The Bowie Memorial Hospital board has received two bids to purchase and reopen the hospital. The board has entered negotiations with Houston-based Royce D. Brough Group, which intends to reopen the facility as a for-profit hospital.

In its letter of intent, Brough Group offered to assume $1.44 million in liabilities.

More articles on healthcare industry transactions:

Calif. AG conditionally approves sale of 6 nonprofit hospitals to hedge fund
Kaiser to acquire Group Health in $1.8B deal: 5 things to know
25 hospital transactions and partnerships in November


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