Houston-based Memorial Hermann Health System has reached a deal to purchase Memorial Hermann Northeast Hospital in Humble, Texas from the Northeast Hospital Authority Board of Trustees.
Here are three things to know about the deal.
1. In a prepared statement, Heath Rushing, senior vice president and CEO of Memorial Hermann Northeast, said the purchase of the hospital "further strengthens the ties so many of our staff and affiliated physicians have established in the area over the last decade."
2. The transaction comes on the heels of plans to build a 45,000-square-foot Memorial Hermann Convenient Care Center in Kingwood. The center will be anchored by Memorial Hermann Northeast and will join the Memorial Hermann Summer Creek Convenient Care Center in serving the greater Lake Houston area.
3. With this purchase, Memorial Hermann Health System also revealed plans to construct a new 123,000-square foot, five-story patient tower with 90 updated patient rooms, and the flexibility to add an additional 30 inpatient beds, as needed. The new tower, which will also house patient and staff dining services, is expected to open in 2018.
More articles on healthcare transactions and partnerships:
Navicent Health to manage Monroe County Hospital
MD Anderson, UTHSC exploring ways to expand cancer care in Texas
Lenoir Memorial Hospital decides to partner with UNC Health Care