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Fort Worth's Forest Park Medical Center back to life after $116M buyFort Worth's Forest Park Medical Center back to life after $116M buyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=132012016-05-17T05:00:00Z

​​​​FORT WORTH - Texas Health Resources won the bidding war for Forest Park Medical Center Fort Worth, paying $116.5 million in a bankruptcy auction for the financially troubled, doctor-owned luxury hospital on the city’s southwest side.

Texas Health’s bid was $1 million more than the final offer made by Methodist Health System in Dallas, according to Deirdre Ruckman, the Dallas attorney representing Sabra Health Care REIT, the secured lender for the 150,000-sf hospital and adjacent 80,000-sf office building and parking garage.

Forest Park Medical Center Fort Worth is a 54-bed facility on seven acres of the Edwards Ranch property. 

Methodist Health System, which has more than ten facilities in North Texas, mostly in Dallas, reached a deal last month to buy the Forest Park Medical Center in Southlake.

Texas Health Resources owns 24 hospitals in North Texas, including Texas Health Harris Methodist Hospital Fort Worth in the city’s medical district and Texas Health Harris Methodist Hospital Southwest.

Fort Worth Star-Telegram
Dallas-Fort Worth-Arlington
Medical
http://www.star-telegram.com/news/business/article77431457.htmlRead more at the {Source}

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