The Woodlands, Texas-based Victory Healthcare announced the opening of Victory Medical Center Craig Ranch, a physician owned hospital in McKinney, Texas.
The 58,000-square-foot hospital includes 20 private patient suites, five operating rooms, a four-bed intensive care unit, three special procedure rooms as well as an adjoining 56,000-square-foot medical office building.
The Patient Protection and Affordable Care Act, passed in 2010, prohibits physician-owned hospitals that accept Medicare or Medicaid from opening or expanding. However, some healthcare organizations in Texas, such as Victory Healthcare, are working around PPACA restrictions by not accepting Medicare or Medicaid patients. Instead, they cater to a small patient market — patients covered solely by private insurers. Victory Medical Center Craig Ranch is a specialized surgical center, like other facilities owned by Victory.
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