HCA stated that the Brookdale investment will add approximately 80 sites of care and more than 4,000 workers.
HCA Healthcare completed its purchase of a majority stake in Brookdale Health Care Services Thursday afternoon.
HCA first announced its intent to pay $400 million for 80% of Brookdale's home health unit in late February.
Additionally, HCA stated that the Brookdale investment will add approximately 80 sites of care and more than 4,000 workers.
"We view partnerships as foundational to our efforts to provide quality care to our patients, and we believe this joint venture will lead to improved care coordination," Sam Hazen, CEO of HCA, said in a statement. "Our objective is to be the healthcare system of choice, and the addition of these services to our network of care improves our ability to meet the care needs of our patients."
The deal was reached more than one month after HCA agreed to a deal with Google to develop healthcare algorithms using patient records.
HCA will release its Q2 earnings on July 20 before markets open.
Jack O'Brien is the Content Team Lead and Finance Editor at HealthLeaders, an HCPro brand.
Photo credit: SAINT PETERSBURG, RUSSIA - JUNE 25, 2019: HCA Healthcare Company logo on the smartphone screen. / Editorial credit: Trismegist san / Shutterstock.com