A California city council greenlit the transfer of a hospital to a healthcare district, and Christus health struck a deal to sell a shuttered hospital. Here are the two hospital M&A moves that Becker’s reported during the week of July 28:
1. El Centro (Calif.) City Council approved the transfer of El Centro Regional Medical Center to the Imperial Valley Healthcare District on July 29.
The full transfer of assets is expected to take six months due to regulatory requirements. The transfer will include the 161-bed, seismically compliant hospital and related facilities.
The city said there will not be mass layoffs as part of the merger, and the “district’s financial position is expected to strengthen after the transfer is finalized, providing greater long-term security for both employees and the community.”
2. Irving, Texas-based Christus Health shared plans to sell its former San Antonio-based Christus Santa Rosa Hospital—Medical Center to University Health, also in San Antonio, for $71 million.
Christus closed the hospital on April 25 and consolidated services to nearby Christus facilities, after an evaluation of its operations and the community’s evolving healthcare needs.
“This transition ensures that the facility continues to meet the needs of area residents with the same spirit of compassion and excellence that Christus is known for,” Ernie Sadau, president and CEO of Christus Health, said
