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
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
