Dallas-based Medical City Healthcare, a division of HCA Healthcare, is in exclusive acquisition talks with Decatur, Texas-based Wise Health System's board of directors.
HCA Healthcare finalized the sale of three hospitals to New Orleans-based LCMC Health for $150 million on Jan. 3, but is expanding in other areas. The health system has 182 hospitals and around 2,300 sites of care, including surgery centers and urgent care facilities. Wise Health System aims to join their ranks as part of a long-term strategy.
"The governing board of Wise Health System strongly believes that pursuing this path of collaboration is a crucial, proactive measure to ensure we are well-positioned to continue our mission of providing compassionate and innovative care to our community and patients with transparency and excellence for years to come," said Carey Wiliams, chair of Wise Health System's governing board.
The board unanimously supports affiliating with Medical City. Wise Health System's hospital serves five counties and includes more than 450 providers.
The two sides are conducting due diligence and don't expect to reach a definitive agreement for several months.