Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

Centura Health deal may keep 135-year-old Colorado hospital open

St. Vincent Hospital, a 135-year-old facility based in Leadville, Colo., may be able to avoid its impending closure through a deal with Englewood, Colo.-based Centura Health, according to The Denver Post.

In November 2014, St. Vincent announced it would be closing after LakeCounty residents voted down a property tax increase to support the facility. The hospital posted a loss of approximately $1 million for fiscal 2014. 

However, the hospital's board has reached a "verbal agreement" with Centura that may allow St. Vincent to keep its doors open.

"They (Centura) have taken over management of the hospital," Denny Johnson, board chairmen of St. Vincent, told The Denver Post.

Over the next month, Centura will examine every aspect of St. Vincent, including the physical condition of the hospital. Centura will then decide whether to build a new hospital, repair the existing hospital or "abandoned Leadville," according to the report.

More articles on healthcare industry transactions:

4 recent hospital transactions and partnerships
CHS divests Arkansas hospital
Judge rejects Partners' deal

Copyright © 2022 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars