New Orleans-based LCMC Health intends to acquire three Tulane University hospitals from Nashville, Tenn.-based HCA Healthcare.
If approved by state regulators, LCMC would acquire New Orleans-based Tulane Medical Center; Covington, La.-based Lakeview Regional Medical Center; and Metairie, La.-based Tulane Lakeside Hospital from HCA, according to an Oct. 10 news release.
LCMC will purchase the three hospitals for $150 million, according to nola.com, which will give the health system nine hospitals in the New Orleans area.
For the next one to two years, if the proposal is approved, operations at Tulane Medical Center would be moved to Metairie-based East Jefferson General Hospital and University Medical Center New Orleans.
Tulane Medical Center will become a facility for a new nursing program, clinical research and an educational space.
Tulane University has committed a $600 million investment toward the facility.
LCMC Health has committed to a $220 million investment toward operations at East Jefferson, Lakeview Regional and Tulane Lakeside hospitals.
The partnership is said to create roughly 2,300 jobs in the region.
The Louisiana Department of Justice will conduct a review within the next 90 days. The two parties intend to finalize the partnership by the end of 2022 or early 2023.