Charlotte, N.C.-based MedCath has sold its ownership interest in Harlingen (Texas) Medical Center to Ontario, Calif.-based Prime Healthcare Services, according to a MedCath news release.
Prime acquired MedCath’s 34.83 percent ownership in Harlingen, a 112-bed hospital, along with its 36 percent ownership in HMC Reality. The transaction valued MedCath’s combined ownership interest at $9 million.
This is MedCath’s 12th transaction since its March 2010 decision to sell either the entire company or its assets.
Related Articles on MedCath and Prime:
MedCath CEO to Retire
Cardiovascular Care Group Finalizes Acquisition of MedCath’s Louisiana Medical Center & Heart Hospital
MedCath to Sell Hualapai Medical Center to Arizona’s Kingman Regional
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
