Community Hospital Consulting, part of Plano, Texas-based Community Hospital Corp., is poised to begin operating North Texas Medical Center in Gainesville.
NTMC, a 60-bed facility owned by the Gainesville Hospital District, started looking for a new management company after King of Prussia, Pa.-based Universal Health Services cancelled its management agreement with the distressed hospital.
NTMC has now entered a five-year management agreement with Community Hospital Consulting, effective May 1.
"We are excited to bring CHC's expertise in hospital management and talent in critical areas such as the revenue cycle and supply chain to strengthen NTMC," said CHC President and CEO Jim Kendrick, in an April 10 release. "CHC's mission to guide, support and enhance the mission of community hospitals and healthcare providers aligns with NTMC and its mission to serve residents of Cooke County with quality healthcare for years to come."
According to the release, CHC Consulting said UHS will still "continue to collaborate as a tertiary partner in the region."
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