The deal is expected to close Oct. 31, and upon closing, the hospital’s name will be changed to Wilson N. Jones Regional Medical Center.
“The key to success at all of our hospitals is open communication with physicians, employees, volunteers, and the community,” said Lex Reddy, CEO of Alecto. “That is the only way to achieve our goal of improving patient access to quality healthcare and sustaining these community hospitals.”
Texas Health Presbyterian Hospital-WNJ will be the fourth hospital owned or managed by Alecto. Alecto manages St. Rose Hospital in Hayward, Calif., and owns 204-bed Olympia Medical Center in Los Angeles, as well as 207-bed Fairmont (W. Va.) Center.
More articles on healthcare industry transactions:
Prime Healthcare Services to acquire majority of Carondelet Health’s facilities
CHS to sell its interest in Carolina Pines Regional Medical Center to Capella Healthcare
Daughters of Charity Health System to sell 6 hospitals to Prime Healthcare Services
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