Transactions & Valuation Issues

FTC Approves Sale of MedCath’s Heart Hospital of New Mexico to Lovelace Health

The FTC has approved the sale of MedCath’s Heart Hospital of New Mexico in Albuquerque to Albuquerque-based Lovelace Health System, according to an FTC list of early terminations granted on May 27.

By: Staff

Wednesday, June 1st, 2011

Early this month Lovelace signed a definitive agreement to purchase the assets and operations of 55-bed Heart Hospital of New Mexico from Charlotte, N.C.-based MedCath.

As part of the deal, Lovelace Health System, which is owned by Nashville, Tenn.-based Ardent Health Services, will pay $119 million for the hospital.

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