$96M cash for Forest Park Medical Center At Frisco$96M cash for Forest Park Medical Center At Friscohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=120802016-02-19T06:00:00Z2016-02-19T14:30:00Z

​​FRISCO - HCA North Texas' purchase of Forest Park Medical Center’s Frisco hospital, 5500 Frisco Square Blvd., is expected to be approved today by a bankruptcy court judge​.

The Irving-based subsidiary of the Hospital Corporation of America agreed to a total cash purchase of $96.25 million. The deal is expected to close by March 31​. 

Forest Park Medical Center at Frisco is part of a luxury, physician-owned hospital chain that has come apart at the seams. 

Sabra had paid $119.8 million to acquire the hospital in October of 2013, but the hospital’s business model soon fell apart. 

“We look forward to working collaboratively with physicians and clinicians to deliver a responsive, efficient, patient care environment at this facility,” read a statement from HCA North Texas CEO Erol Akdamar.
D Magazine
Dallas-Fort Worth-Arlington
http://healthcare.dmagazine.com/2016/02/10/forest-park-medical-center-at-frisco-to-be-sold-to-hca-north-texas/Read more at {Source}

 Search NewsTalk Texas