Bowie Memorial closed after voters nixed a ballot measure that would have saved the facility through the creation of a new hospital district. The hospital entered negotiations with a Houston-based company last December, but the deal fell through less than a month later. With resources dwindling, hospital authority directors accepted a $1.5 million bid from Hasan Farid Hashmi, MD, for the purchase of Bowie Memorial.
At a board meeting Monday, Bowie Memorial officials signed off on documents to transfer ownership of the hospital to the Hashmi Group. Dr. Hashmi said he expects the hospital to begin admitting patients by early September, according to the report.
More articles on healthcare industry transactions:
11 latest hospital transactions and partnerships
Texas Health Resources casts highest bid for bankrupt Fort Worth hospital
2016 poised to be the year of the collapsing merger
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
