Under the deal, UHS will manage the new hospital in Ward 8 in the D.C. area. It will be part of a larger system that links to George Washington University Hospital. UHS is the majority owner of George Washington University Hospital.
The deal is part of a broader aim to ensure hospital care stays in an underserved community.
UHS plans to build a new 136-bed inpatient hospital, an outpatient ambulatory center and two new urgent care centers. UHS will invest about $75 million into the projects, and the city will offer $375 million, according to the report.
The new facility will serve as a replacement to the financially troubled Washington, D.C.-based United Medical Center, which is owned by the city. Once the new hospital is built by UHS, United Medical Center will begin a phased shut down process, according to the Washington Business Journal.
The deal still must be approved by the D.C. Council.
More articles on healthcare industry transactions:
CHS to divest 3 hospitals in Texas, Florida
6 hospital deals called off or delayed
House antitrust chairman seeks to ban most mergers amid pandemic
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
