Business
For-profit hospital company expands
NEWS IN BRIEF — Posted Dec. 6, 2004
Health Management Associates, the for-profit hospital chain based in Naples, Fla., has reached a deal to buy three hospitals from a nonprofit Catholic health system.
Under the agreement, HMA will acquire the 312-bed Bon Secours Venice Hospital in Venice, Fla., the 212-bed Bon Secours St. Joseph Hospital in Port Charlotte, Fla., and the 133-bed Bon Secours St. Mary's Hospital in Norton, Va., from Bon Secours Health System. Financial terms of the deal were not disclosed.
HMA said the hospitals are located in areas where it is working to develop networks. The deal, which is subject to regulatory approval, was expected to be completed by April 2005.
With the acquisitions, HMA would operate 56 hospitals in 15 states. Bon Secours, of Marriottsville, Md., owns or manages 24 acute care hospitals and several other facilities, primarily on the East Coast.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2004/12/06/bibf1206.htm.
