MedCath sold its 27 percent stake in the facility to the joint venture’s physician partners for $7 million, according to the release.
MedCath Partners acquired its interest in the joint venture in April 2008, and along with Heart, Lung and Vascular Center — a physician-owned entity — provided cardiac catheterization lab services to Yuma (Ariz.) Regional Medical Center.
This marks MedCath’s fourth hospital sale since it began plans to consider divesting its hospital assets earlier this year. MedCath previously completed sales involving its interests in Arizona Heart Hospital in Phoenix, Avera Heart Hospital of South Dakota and Heart Hospital of Austin.
Read the MedCath release on Southwest Arizona Heart and Vascular Center.
Read more coverage on MedCath:
– MedCath Completes Sale of Heart Hospital of Austin to St. David’s
– Vanguard to Acquire Arizona Heart Hospital
– MedCath Won’t Sell California’s Bakersfield Heart Hospital, But Might Reduce Ownership Stake
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