Englewood, Colo.-based Catholic Health Initiatives has completed its acquisition of St. Luke's Episcopal Health System in Houston from the Episcopal Diocese of Texas.
Massachusetts to Review Cost Impact of Partners, South Shore Deal
Poor Q1 Financials at For-Profit Hospitals an Anomaly, Analyst Says
The definitive agreement reached in April requires CHI to pay $1 billion to establish the Episcopal Health Foundation and another $1 billion for capital improvements at the acquired system, which will now be named St. Luke's Health System.
The organizations did not disclose other financial terms.
More Articles on Hospital Acquisitions:
15 Recent Hospital Transactions and PartnershipsMassachusetts to Review Cost Impact of Partners, South Shore Deal
Poor Q1 Financials at For-Profit Hospitals an Anomaly, Analyst Says