Sioux Falls, S.D.-based Avera McKennan has completed its purchase of MedCath's one-third state in Avera Heart Hospital, located in Sioux Falls, according to a MedCath release.
Avera McKennan paid $20 million plus a percentage of available cash, which is estimated to total about $16 million. Avera McKenna now owns two-thirds of the heart hospital.
MedCath also recently sold its stake in Arizona Heart Hospital in Phoenix to Vanguard Health Systems' Abrazo Health Care for $32 million.
Read the MedCath release on Avera Heart Hospital.
Read more coverage on MedCath:
- Vanguard to Acquire Arizona Heart Hospital
- Fighting Declining Revenues, MedCath Considers Selling Off More Facilities
- MedCath to Sell Heart Hospital of Austin to St. David's Healthcare
Avera McKennan paid $20 million plus a percentage of available cash, which is estimated to total about $16 million. Avera McKenna now owns two-thirds of the heart hospital.
MedCath also recently sold its stake in Arizona Heart Hospital in Phoenix to Vanguard Health Systems' Abrazo Health Care for $32 million.
Read the MedCath release on Avera Heart Hospital.
Read more coverage on MedCath:
- Vanguard to Acquire Arizona Heart Hospital
- Fighting Declining Revenues, MedCath Considers Selling Off More Facilities
- MedCath to Sell Heart Hospital of Austin to St. David's Healthcare