Christus acquires New Mexico hospital

Christus Health will acquire Gerald Champion Regional Medical Center in Alamogordo, N.M., effective July 1. 

Advertisement

Gerald Champion Regional is an independent, nonprofit, sole community level III trauma hospital. It employs or contracts with approximately 160 providers and 1,000 staff and conducts more than 30,000 ER visits, 150,000 clinic visits and 4,000 admissions per year.

The New Mexico hospital inked a letter of intent to join Irving, Texas-based Christus Health in early May with the goal to finalize the combination by early summer. 

Norm Arnold, chair of the Gerald Champion Board of Trustees, said the hospital began seeking a partner 18 months ago and reached out to 27 organizations before deciding on Christus, a nonprofit, Catholic system with more than 60 hospitals.

“This is a generational event that builds on our previous 74 years of service to ensure that we will be resilient and continue to thrive, providing the very best in clinical care to our community,” said Gerald Champion CEO Jim Heckert, who will remain in the role under CHRISTUS ownership.

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.