St. Vincent Healthcare bought 50 percent of the center’s building and land for $3.3 million and will take over operations of the center, according to the report.
In the new business agreement, the cancer center will be renamed St. Vincent Frontier Cancer Center and its five physicians will remain independent, according to the report. The center’s nurses and other healthcare professionals will become St. Vincent employees, according to the report.
More Articles on Acquisitions:
Hospital Practice Acquisitions Are Driving up Healthcare Bills
Baptist Medical Group Acquires Memphis Primary Care
Emory Healthcare, Select Medical to Form Joint Venture
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.