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Iasis Healthcare Purchases Majority Interest in Houston's St. Joseph Medical Center

Franklin, Tenn.-based Iasis Healthcare will purchase a 78.2 percent interest in St. Joseph Medical Center in Houston, according to a news release.

The purchase price will be based on an enterprise value of $165 million and is subject to closing adjustments. A group of independent investors will retain 21.8 percent ownership interest.

The current majority owner sold its interest in the hospital as part of its Chapter 7 bankruptcy process.

Read the release on Iasis Healthcare and St. Joseph Medical Center (pdf).

Read more coverage on Iasis Healthcare:

- IASIS Revenue Up 7%, Earnings Down 13.5%

- Tennessee's IASIS Healthcare Names COO

- Tennessee's IASIS Healthcare Acquires Brim Holdings

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