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

HealthSouth, University Medical Center to build 40-bed Texas hospital through joint venture

 

Birmingham, Ala.-based HealthSouth and Lubbock, Texas-based UMC Health System entered into a joint venture agreement Sept. 25.

UMC Health board of directors approved the agreement Monday. The deal calls for the creation of a 40-bed inpatient rehabilitation hospital in Lubbock.

Officials said construction on the hospital will begin in spring 2018, and the facility will be operational in spring 2019.

The joint venture is expected to provide up to 116 full-time positions for residents.

The deal is subject to customary closing conditions and regulatory approval.

More articles on transactions and valuations:
Ochsner to continue management of St. Bernard Parish Hospital
10 recent hospital transactions and partnerships
The 3 most-read transactions and valuations stories this week

 

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

 

Featured Webinars

Featured Whitepapers