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Maryland health system to acquire 3rd hospital

Gaithersburg, Md.-based Adventist HealthCare has entered into a definitive agreement to acquire Fort Washington (Md.) Medical Center.

Adventist HealthCare's acquisition of the 37-bed hospital is expected to close this fall. Fort Washington Medical Center would be the third acute care hospital in the Adventist HealthCare system.

"Bringing Fort Washington Medical Center into the Adventist HealthCare family provides opportunities to combine our shared missions of improving the health of Maryland residents," Adventist HealthCare President and CEO Terry Forde said in a press release. "Our organization has a long tradition of serving Prince George's County, and we look forward to strengthening the medical center's presence in that part of the region through outpatient services, as well as expanded physician practices."

More articles on healthcare industry transactions:

Tenet makes bid for California hospital
Beaumont to acquire Summa Health: 4 things to know
Boca Raton Regional merges with Baptist Health

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