Texas County Hospital District Agrees to Purchase Hospital

Harris County Hospital District has “tentatively” agreed to purchase Memorial Hermann Southwest Hospital in Houston for between $165 million and $185 million, according to a report in the Houston Chronicle.

Advertisement

The addition of Memorial Hermann Southwest will add 600 beds to the hospital district’s system and enable it to keep up with the demand of the community, according to the report. The hospital district said that it plans to serve privately insured patients at the hospital, along with those on Medicare and Medicaid and the uninsured.

Although profits were decreasing, Memorial Hermann Southwest has remained profitable, and no closings or layoffs are expected as a result of the proposed purchase.

Included in the sale are the hospital building and four medical office buildings, a Heart and Vascular Institute, an accredited cancer center, a surgery center and an outpatient imaging center. Memorial Hermann Southwest’s wellness center and the University Place Retirement Community would not be included in the sale, according to the report.

The sale must be approved by the Harris County Commissioners Court before it is finalized.

Read the Chronicle’s report about the proposed sale of Memorial Hermann Southwest Hospital to Harris County.

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

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.