North Texas Medical Center in Gainesville is pursuing negotiations with a new management company following King of Prussia, Pa.-based Universal Health Services' decision to cancel its management agreement with NTMC May 1.
North Texas Medical Center, which is owned by the Gainesville Hospital District, approved a partnership agreement with UHS in December 2016. The agreement called for UHS to first take over operations of the distressed hospital and then lease the five buildings on North Texas Medical Center's campus.
In late January, Gainesville Hospital District board members said UHS would not move forward with the lease deal and would terminate the management agreement May 1.
The NTMC board of directors met Wednesday to discuss potential partners for the hospital, and they decided to pursue a two-year agreement with Plano, Texas-based Community Hospital Corp. NTMC will have the option of ending the contract with CHC after one year, according to KXII-TV.
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