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Quorum's acquisition of Texas hospital falls through

Brentwood, Tenn.-based Quorum Health Corp., and the Walker County Hospital District in Texas have mutually agreed to terminate a deal proposed last year for Quorum to acquire Huntsville (Texas) Memorial Hospital, according to The Huntsville Item.

Quorum inked a letter of intent in October to acquire Huntsville Memorial Hospital. The specific terms of the transaction weren't disclosed due to a confidentiality agreement signed by both Quorum and the Walker County Hospital District. However, the hospital district indicated last fall the deal would involve expanding and renovating the hospital, according to the report.

Walker County Hospital District Board Chairman Anne Karr-Woodward told The Huntsville Item Saturday she couldn't comment on what caused the deal's breakdown because of the confidentiality agreement, which remains in effect until the letter of intent is officially withdrawn.

Ms. Karr-Woodward said the hospital district would now focus on finding ways to get the capital needed to make improvements at Huntsville Memorial Hospital. 

"As responsible stewards of our community's medical needs, the district will continue to evaluate options for ensuring adequate funding to improve the hospital and provide additional services, with the underlying goal of providing quality patient care well into the future," she said, according to the report.

More articles on healthcare industry transactions:

CHS continues debt reduction effort with sale of Alabama hospital
Kansas hospital on brink of closure draws interest from buyers
U of L could spin off its hospital due to uncertain healthcare environment

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