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HCA completes $1.5B acquisition of Mission Health

Nashville, Tenn.-based HCA Healthcare now owns 185 hospitals after completing its purchase of Mission Health, a six-hospital system based in Asheville, N.C.

The $1.5 billion deal closed five months after HCA, one of the nation's largest for-profit hospital operators, and Mission signed a definitive agreement.

"We are very pleased that this transaction has now closed so that Mission Health can continue to focus on caring for the people of western North Carolina," Mission Health President and CEO Ronald A. Paulus, MD, said in a press release. "This is a tremendous win for the people and communities that we serve, and one that may be judged by history as a positive inflection point for the communities we serve."

HCA plans to make significant investments in Mission Health's facilities, including building a replacement hospital for Angel Medical Center in Franklin, N.C., and completing the Mission Hospital for Advanced Medicine in Asheville.  

"The team at Mission Health has been nationally recognized for providing high-quality patient care, and we're excited that they've joined HCA Healthcare," said HCA Healthcare CEO Sam Hazen. "We're looking forward to investing in western North Carolina and helping ensure Mission Health's 133-year tradition of caring for communities throughout the region continues for many years."

More articles on healthcare industry transactions:

Tenet sells 3 hospitals, exits Chicago market
HCA to expand footprint in New Hampshire
OhioHealth to add 12th hospital




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