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Duke, LifePoint Joint Venture Acquires Cath Labs From MedCath

DLP Healthcare, the joint venture between Duke University Health System and LifePoint Hospitals, has acquired a majority of the assets of Charlotte, N.C.-based MedCath Partners, a division of MedCath that operates cardiac catheterization labs for $25 million, according to a MedCath news release.

The transaction involved the sale of certain North Carolina-based assets related to the operation of cardiac catheterization laboratories in North Carolina. MedCath will retain working capital related to the assets sold and will also retain assets related to cath labs leased to two health care systems outside of North Carolina as well as its minority ownership in one North Carolina joint venture. Further, MedCath will retain certain assets and liabilities arising from this business that arose before closing. 

MedCath anticipates that it will receive approximately $16 million from the transaction, after collection of related retained accounts receivable and payment of known liabilities, closing costs and taxes.

Read the MedCath release on DLP Healthcare.

Related articles on DLP Healthcare:
Duke and LifePoint Partner, Announce First Acquisition

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