Houston-based Signature Hospital Corporation has announced plans to sell two more hospitals in Texas, according to a News and Sentinel report.
Pampa (Texas) Regional Medical Center and Gulf Coast Medical Center in Wharton will be put to market, with SHC officials attributing the sales to current economic conditions and impending healthcare reform.
In Sept. 2010, SHC announced it was selling St. Joseph's Hospital in Parkersburg, W.V., to the West Virginia United Health System. The deal is expected to be complete by the end of March.
SHC is backed financially by Goldman Sachs.
Read the News and Sentinel report on Signature Hospital Corporation's plans to sell.
Read more about Signature Hospital Corporation:
- 22 Investor-Owned Hospital Companies to Know
- Insurer Drops Opposition to West Virginia United Health Merger