Effective yesterday, Houston Methodist acquired majority ownership of Christus St. Catherine Hospital in Katy, Texas, and Christus St. John Hospital in Nassau Bay, Texas. They are now named Houston Methodist St. Catherine Hospital and Houston Methodist St. John Hospital.
Houston Methodist and Christus Health signed a letter of intent in September. Financial terms of the deal were not disclosed. Christus employees will now fall under the Houston Methodist umbrella.
Houston Methodist St. John Hospital will continue to serve as an acute-care hospital, but Houston Methodist St. Catherine will be converted into a long-term acute-care hospital, the system’s first continuing care facility. The system now has seven hospitals, with its flagship, Houston Methodist Hospital, as one of the biggest academic medical centers in the country.
Christus Health CEO Ernie Sadau said the deal was necessary to ensure “Gulf Coast residents will have access to a full continuum of care right in their own backyard.”
More Articles on Hospital Transactions:
PeaceHealth, Ocean Beach Hospital to Consider Expanded Partnership
California County Considers Buying 2 Daughters of Charity Hospitals
Ascension Health, HCA Cancel Sale of 2 Kansas City Hospitals
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
