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CHI St. Luke's to acquire Houston physician group

Houston-based CHI St. Luke's Health declared its intent to acquire The Woodlands, Texas-based multispecialty medical group Greater Houston Physicians Medical Association, effective Nov. 1.

According to the agreement, CHI St. Luke's Health will also acquire 25 medical group clinics and GHPMA subsidiaries, an ambulatory surgery center, two freestanding emergency departments and The Woodlands, Texas-based Apollo Hospital System, a five-bed hospital with 16 outpatient centers. Apollo Hospital will also be rebranded CHI St. Luke's Health ─ Pinecroft Hospital.

"This is a game-changing opportunity for us to expand our network of care in North and Northwest Houston, which is rapidly growing," said Michael Covert, CEO of CHI St. Luke's Health. "As we continue to expand the scope of our regional care delivery system, joining GHPMA with our existing three hospitals and freestanding ERs in this market will further position CHI St. Luke’s for long-term growth—increasing physician, primary care, and ambulatory access points to achieve effective population health."

More articles on transactions and valuations:
The CHS saga: A timeline of key events
A closer look at Chicagoland's independent 610-physician powerhouse: DuPage Medical Group
UPMC acquires Susquehanna Health

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