Here are four things to know:
1. Christus Health entered into a binding asset purchase agreement for the hospital on Sept. 3. Christus did not disclose the price of the transaction.
2. Steward sought Chapter 11 protection May 6 and has been working to sell its 31 hospitals.
3. Christus Health purchased the hospital to ensure it would remain open and plans to retain “nearly all the hospital’s clinicians and staff,” the release said.
4. Christus Health is an international, faith-based, nonprofit health system that comprises more than 60 hospitals, a health plan, 51,000 employees, 600 care centers and more than 4,000 employed physicians.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.