MedCath has sold its ownership interest and management agreement in Coastal Carolina Heart to New Hanover Regional Medical Center in Wilmington, N.C., according to a MedCath news release.
MedCath received $5 million for its 9.2 percent ownership interest and management agreement in Coastal Carolina Heart and will receive its pro rata share of the additional funds from the liquidation of the venture's working capital.
Coastal Carolina Heart provides certain catheterization laboratory management services to NHRMC.
Read the MedCath release on the sale of Coastal Carolina Heart to New Hanover Regional Medical Center.
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MedCath received $5 million for its 9.2 percent ownership interest and management agreement in Coastal Carolina Heart and will receive its pro rata share of the additional funds from the liquidation of the venture's working capital.
Coastal Carolina Heart provides certain catheterization laboratory management services to NHRMC.
Read the MedCath release on the sale of Coastal Carolina Heart to New Hanover Regional Medical Center.
Related Articles on New Hanover Regional Medical Center:
North Carolina's New Hanover Regional Medical Center Acquires Two Heart Groups
North Carolina's New Hanover Regional Medical Center Considers Partnership With Carolinas HealthCare System
Head of Pender Memorial Hospital in North Carolina Takes Job at Affiliate New Hanover Regional Medical Center