HCA operates Tulane Medical Center in New Orleans and Tulane-Lakeside Hospital in Metairie. The operating agreements for those facilities contain non-compete clauses, and HCA would violate those clauses if it entered into a transaction to operate East Jefferson General Hospital, according to the report.
HCA attempted to restructure the partnership agreement it has with Tulane to allow for the transaction. However, the hospital operator failed in that attempt, which led to negotiations over HCA taking over East Jefferson General Hospital coming to an end.
More articles on healthcare industry transactions:
4 recent hospital transactions and partnerships
KPMG to buy Beacon Partners: 5 things to know
Stanford Health Care, ValleyCare merger approved
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.
