St. Louis-based Escation plans to achieve 126-bed facility, full ownership of Sader Park Medical Center, which is in $ 460 million cash.
Four things to know:
1. Franklin, Tenne. Based community health systems have signed a certain agreement to sell their 80% ownership stake in the cedar park regional, which is currently interested in the hospital 20%.
2. Escation Seton, a subsidiary of the health system, which operates 13 hospitals and 222 care sites in Central Texas, will accept the operation of the Sedar Park Regional, completing the transaction. “With complete ownership, we can accelerate development, streamline operations and introduce new services that meet the developed needs of the community,” Education Chairman Eduardo Conrado shared in a news release shared on 15 April. Baker,
3. The deal is expected to begin late or in the third quarter in the second quarter, subject to regulator approval and closing position.
4. The transaction is the latest in a series of hospital sales by CHS, as the profit-gain system has continued its partition strategy with the aim of reducing the debt. It also marks the first planned acquisition of escape after its recent magic of the hospital division as it reorganize its portfolio.
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