MedCath to Sell AZ Hospital for $31M
Hualapai Mountain Medical Center has struggled to find its market in Kingman. Taylor said it operated on a 15 to 20 patient per day census. The local economy has been troubled and access to the facility has been limited because a planned interstate ramp project was cancelled.
The sale continues the dissolution process that Charlotte-based MedCath began in May 2010. In its heyday, MedCath had ownership interests in 13 hospitals in nine states, 27 cardiac diagnostic and therapeutic facilities in 12 states, and a rental fleet of mobile and modular cardiac cath labs.
With the expected sale of Hualapai Mountain Medical Center only three hospitals remain in the MedCath fold: Bakersfield Heart Hospital in California, Harlingen Medical Center in Texas, and Louisiana Medical Center and Heart Hospital in Lacombe.
Margaret Dick Tocknell is a reporter/editor with HealthLeaders Media.
- As Medicare Advantage Cuts Loom, Disagreement Over Program's Stability
- 3 Management Lessons from a Supermarket Debacle
- Medicare Advantage Carriers See 'No Choice' But to Accept Cuts
- Physicians to Appeal 'Docs v. Glocks' Ruling in FL
- CA Fines 8 Hospitals for Medical Errors
- Centralizing the Revenue Cycle Protects the Bottom Line
- Revenue Cycles Get a Boost from Simple JPEG Files
- IOM Identifies GME Problems, Calls for Finance Changes
- Employers Weigh Risks, Benefits of Private Exchanges
- Doctors Feel Pressure to Accept Risk-based Reimbursement