Nashville, Tenn.-based Hospital Corporation of America has signed an agreement to acquire Dallas-based CareNow, which has 24 urgent care centers in the Dallas-Forth Worth area.
Under the agreement, CareNow will become a division of HCA, adding a network of urgent care centers and 130 physicians to HCA's existing services in the Dallas-Forth Worth area.
"This transaction represents two trusted providers coming together to deliver a broader and more integrated level of quality healthcare services," said Sam Hazen, president of operations for HCA.
HCA expects to complete the transaction by the fourth quarter of this year.
Financial terms of the agreement have not been disclosed.
More articles on healthcare industry transactions:
Will the sale of Daughters of Charity Health System to Prime Healthcare be derailed by a union-backed lawsuit?
Spectrum Health, Pennock Health to affiliate
6 recent hospital transactions and partnerships