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

Frontier Hospitals Purchases Struggling Lake Whitney Medical Center

Deerfield Beach, Fla.-based Frontier Hospitals has purchased Lake Whitney (Texas) Medical Center, which was recently in danger of closing, according to a Dallas Morning News report.

Lake Whitney Medical Center was close to shuttering its doors in July after its owner, Tariq Mahmood, MD, underwent federal investigations for allegedly defrauding Medicare and Medicaid. Dr. Mahmood owned Lake Whitney Medical Center and several other rural hospitals throughout Texas.

Financial terms of the deal were not disclosed. David Byrns serves as CEO of Frontier, while James Stanger is COO. Mr. Stanger told the Dallas Morning News that Frontier, which specializes in the management of distressed hospitals, has started updating policies and technology at Lake Whitney Medical Center.

More Articles on Hospital Transactions:
Sleep Management Company Acquires Foundation Surgical Hospitals
USC Closes Purchase of Verdugo Hills Hospital
Real Estate Trust Purchases Physicians Specialty Hospital in Arkansas for $22.6M

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Webinars

Featured Whitepapers