The MHTC board of directors sought out a management team to oversee administrative and management services for the hospital, including physician relations, marketing, general management, billing and human resources.
The board selected Little River because of its “quality patient care…in addition to its history of reversing financial instability” in rural Texas hospitals, according to the news release.
Officials at Little River said their first order of business is to begin familiarizing themselves with MHTC’s processes and seeking opportunities for improvement throughout the hospital.
More articles about transactions and valuations:
Princeton HealthCare, University of Pennsylvania Health System explore partnership
FTC requests more info on Abbott Laboratories’ acquisition of St. Jude Medical
Evolent Health is acquiring the majority of Valence Health
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