HCA Announces Agreement to Acquire Texas Hospital from Community Health Systems
July 11 2017 - 5:15PM
Business Wire
HCA Healthcare (NYSE: HCA), which operates 174 hospitals, 119
freestanding surgery centers, and numerous other outpatient centers
in 20 states and the United Kingdom, today announced an agreement
to acquire Weatherford Regional Medical Center outside Fort Worth,
Texas, from subsidiaries of Community Health Systems, Inc.
Upon completion of the transaction, Weatherford Regional Medical
Center, a 103-bed hospital about 30 miles west of Fort Worth, would
become part of HCA’s Medical City Healthcare in the Dallas-Fort
Worth Metroplex.
“Weatherford Regional has a longstanding tradition of caring for
its community and will complement our existing provider network in
North Texas,” said Sam Hazen, president and chief operating officer
of HCA. “The addition of Weatherford Regional to our Medical City
Healthcare family will help us improve patient access in the Fort
Worth area.”
With 13 hospitals, more than 7,000 active physicians and 14,000
employees in Dallas-Fort Worth, HCA’s Medical City Healthcare is
one of the North Texas region’s largest and most comprehensive
health care provider networks. Three Medical City Healthcare
hospitals are accredited comprehensive stroke centers, and five
hospitals hold the prestigious Magnet Recognized® status from
the American Nurses Association.
The transaction, which is subject to regulatory approvals and
other closing conditions, is expected to close by the fall of
2017.
About HCA Healthcare
Nashville-based HCA Healthcare is one of the nation's leading
providers of healthcare services, operating 174 locally managed
hospitals and 119 freestanding surgery centers in 20 states and the
United Kingdom. With its founding in 1968, HCA created a new model
for hospital care in the United States, using combined resources to
strengthen hospitals, deliver patient-focused care and improve the
practice of medicine. HCA has conducted a number of clinical
studies, including one that demonstrated that full-term delivery is
healthier than early elective delivery of babies and another that
identified a clinical protocol that can reduce bloodstream
infections in ICU patients by 44 percent. HCA is a learning
healthcare system that uses its more than 27 million annual patient
encounters to advance science, improve patient care and save lives.
Please click here to connect with HCA on social media.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws, which involve risks and
uncertainties. Forward-looking statements include statements that
do not relate solely to historical or current facts.
Forward-looking statements can be identified by the use of words
like “may,” “believe,” “will,” “expect,” “project,” “estimate,”
“anticipate,” “plan,” “initiative” or “continue.” These
forward-looking statements are based on our current plans and
expectations and are subject to a number of known and unknown
uncertainties and risks, many of which are beyond our control,
which could significantly affect current plans and expectations and
our future financial position and results of operations. These
factors include, but are not limited to, the ability to consummate
and realize the benefits of the proposed acquisition as well as the
risk factors described in our annual report on Form 10-K for the
year ended December 31, 2016 and our other filings with the
Securities and Exchange Commission. Many of the factors that will
determine our future results are beyond our ability to control or
predict. In light of the significant uncertainties inherent in the
forward-looking statements contained herein, readers should not
place undue reliance on forward-looking statements, which reflect
management’s views only as of the date hereof. We undertake no
obligation to revise or update any forward-looking statements, or
to make any other forward-looking statements, whether as a result
of new information, future events or otherwise.
All references to “Company” and “HCA” as
used throughout this document refer to HCA Healthcare, Inc. and its
affiliates.
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HCA HealthcareInvestor Contact:Mark Kimbrough,
615-344-2688orMedia Contact:Ed Fishbough, 615-344-2810
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