CHS to Buy Tomball Regional Medical Center
Community Health Systems, Inc. said late Thursday that it will buy "substantially all of the assets" of Tomball Regional Medical Center, in Tomball, TX.
CHS did not provide the financial terms of the deal, which is the second hospital acquisition for the Franklin, TN-based for-profit hospital chain in 10 days.
The 358-bed TRMC is located 30 miles northwest of Houston and sits on a 155-acre campus, with services that include a cancer center, heart center, women's health center, outpatient surgery centers, and sports medicine center.
Calls Thursday evening to TRMC officials were not immediately returned.
However, Wayne T. Smith, CEO/president/chairman of CHS, said he was "delighted" with the acquisition, which remains subject to regulatory approvals.
"The hospital has earned numerous clinical distinctions and we believe it will complement our ongoing commitment to deliver quality healthcare to Texas communities," Smith said in a media release. "We look forward to deploying our resources and operating strategies as we join with the hospital's medical staff and employees to serve the future healthcare needs of this growing region."
When the acquisition is complete, TRMC will become the 19th CHS-affiliated hospital in Texas. On July 19, CHS bought a majority stake in Moses Taylor Health Care System, the Scranton, PA-based health system that includes 217-bed Moses Taylor Hospital in Scranton and 25-bed Mid-Valley Hospital in Peckville.
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