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UCHealth acquires 2 hospitals, 17 freestanding emergency rooms

Aurora, Colo.-based UCHealth has acquired 17 freestanding emergency rooms and two hospitals it operated in partnership with Lewisville, Texas-based Adeptus Health, according to The Denver Post

UCHealth was the majority owner in the freestanding ERs and the hospitals, which include Grandview Hospital in Colorado Springs, Colo., and UCHealth Broomfield (Colo.) Hospital, and has now acquired Adeptus' stake.

The deal is part of Adeptus' restructuring under Chapter 11 bankruptcy. The company filed for bankruptcy in April and was subsequently acquired by New York City-based hedge fund Deerfield Management.

Under the deal, the freestanding ERs, which currently operate under the First Choice Emergency Room brand, will be renamed UCHealth ER.

More articles on healthcare industry transactions:

5 biggest healthcare deals of all time
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