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HCA pays $148M for Texas hospital

Birmingham, Ala.-based Medical Properties Trust sold North Cypress Medical Center, a 139-bed hospital in Houston, to Nashville, Tenn.-based HCA Healthcare for $148 million.

HCA announced Sept. 1 that it had completed the acquisition. Medical Properties Trust, a real estate investment trust, released the sale price Sept. 6. MPT said the $148 million sale resulted in an approximate $100 million gain for MPT.

"We are very pleased to be expanding our care in Northwest Houston," Troy Villarreal, HCA's Gulf Coast Division president, said in a press release. "Over the coming months, we will work closely with the hospital's medical staff, employees and the community to explore ways to enhance services and expand access to specialized healthcare throughout the area."

North Cypress is HCA's 53rd hospital in Texas and one of many HCA hospitals in the Houston area.

More articles on healthcare industry transactions:

New $8B health system: Bon Secours, Mercy Health finalize merger
Northwestern, Centegra complete 10-hospital merger
Ascension sells Washington hospital to for-profit chain

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