The FTC has approved the sale of MedCath's Heart Hospital of New Mexico in Albuquerque to Albuquerque-based Lovelace Health System, according to an FTC list of early terminations granted on May 27.
Early this month Lovelace signed a definitive agreement to purchase the assets and operations of 55-bed Heart Hospital of New Mexico from Charlotte, N.C.-based MedCath.
As part of the deal, Lovelace Health System, which is owned by Nashville, Tenn.-based Ardent Health Services, will pay $119 million for the hospital.
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Early this month Lovelace signed a definitive agreement to purchase the assets and operations of 55-bed Heart Hospital of New Mexico from Charlotte, N.C.-based MedCath.
As part of the deal, Lovelace Health System, which is owned by Nashville, Tenn.-based Ardent Health Services, will pay $119 million for the hospital.
Related Articles on MedCath:
MedCath Seeks Stockholder Approval to Dissolve Company
New Mexico's Lovelace Health System Buys Heart Hospital From MedCath
MedCath to Sell Arkansas Heart Hospital