St. Luke’s acquisition of the 61-bed Patients Medical Center will expand the hospital’s service area to Houston’s southeast suburbs. Patients Medical Center will continue to manage daily hospital operations while offering St. Luke’s method of faith-based care.
Norvin Properties organized the transaction by purchasing the hospital property, which is now being leased back to St. Luke’s and Patients Medical Center.
Read the Bay Area Citizen report on St. Luke’s acquisition of Patients Medical Center.
Read about other mergers and acquisitions:
–Mergers and Acquisitions Driven by Clinical IT Integration
–5 Reasons to Consider an Acquisition Over a Merger
–Key Considerations for Hospitals Looking to Merge, Acquire or Sell
