Sioux Falls, S.D.-based Avera Health will pay $5.5 million for a hospital owned by the city of Creighton, Neb., effective Feb. 1, according to an Argus Leader report.
Creighton Area Health Services will become Avera Creighton Hospital after the sale. Avera has managed the facility since Nov. 2009. It is comprised of a 23-bed critical access hospital, a 47-bed long-term acute-care facility and a physicians’ clinic.
Avera, a five-state network, will spend an additional $1.5 million on improvements over the next four years, including technical upgrades and a new operating room.
Read the Argus Leader report on Avera’s purchase of Creighton Area Health Services.
Read more coverage on hospital mergers and acquisitions:
– Geisinger Health, Shamokin Hospital Approve Merger
– Washington’s Southwest and PeaceHealth Finalize Merger, Create New Nonprofit
– Prime Healthcare Acquires Alvarado Hospital in San Diego
