The health system paid around $32 million for the hospital to its former owner MedCath and investing physicians, according to an Arizona Republic report.
Under the deal, Arizona Heart Hospital will become a campus of Phoenix Baptist Hospital. The deal will bring the number of beds within the Abrazo system to 1,027, according to the health system.
Abrazo’s parent, Vanguard Health Systems is separately seeking to acquire Arizona Heart Institute through U.S. Bankruptcy Court, according to the Arizona Republic report.
Read more coverage on Arizona Heart Hospital:
– Arizona Heart Hospital to Pay $675K to Settle Medicare Coding Case
– Vanguard to Acquire Arizona Heart Hospital
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