AUSTIN – St. David's HealthCare will buy Forest Park Medical Center's not-yet-opened hospital for $115 million.
Located at the corner of I-35 and SH 45, the luxury hospital was completed in 2015 and has sat empty ever since.
The owner of the hospital, an affiliate of the Dallas-based Neal Richards Group, filed for Chapter 11 bankruptcy earlier this year.
CBRE Group Inc. and KOA Partners handled the sale.
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