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Financial troubles push Hospital Partners of America to put facilities on the market

Houston Chronicle, July 8, 2008

Charlotte, NC-based Hospital Partners of America has retained Merrill Lynch to shop around St. Joseph Medical Center in Houston in the hopes of finding a new buyer for the facility. HPA bought the facility from Christus Health Gulf Coast less than two years ago, but HPA is suffering from liquidity problems and is trying to sell all of its hospitals. St. Joseph representatives said the facility is financially healthy, and many hope the new buyer continues to operate the hospital.