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Queen's Health Systems Closes Acquisition of Shuttered Hawaii Medical Center

Queen's Health Systems, which owns Queen's Medical Center in Honolulu, has closed its acquisition of Hawaii Medical Center West in Ewa Beach from Honolulu-based St. Francis Healthcare System of Hawaii, according to a Pacific Business News report.

Queen's Health signed a letter of intent to acquire Hawaii Medical Center-West in May. The hospital closed down operations Dec. 28, 2011.

Approximately $21.2 million went toward the purchase of land and the building, but Queen's Health plans to spend $73.2 million in total for the acquisition and planned improvements to the facility, according to regulatory filings with the State Health Planning and Development Agency. Approximately $25 million has been marked for the expansion and modernization of emergency, surgical and imaging services and $27 million will go toward equipment purchases for the hospital.

More Articles on Hospital Acquisitions:

MedStar Health Completes Acquisition of Southern Maryland Hospital Center
University General Health System to Purchase South Hampton Community Hospital in Dallas
HCA Completes Purchase of Thousand Oaks Surgical Hospital

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