Nashville-based HCA Healthcare (NYSE: HCA), announced July 11 it has reached an agreement to acquire Weatherford Regional Medical Center from subsidiaries of Community Health Systems Inc.
Upon completion of the transaction, Weatherford Regional Medical Center, a 103-bed hospital, would become part of HCA’s Medical City Healthcare in the Dallas-Fort Worth Metroplex. No price for the transaction was disclosed.
“Weatherford Regional has a longstanding tradition of caring for its community and will complement our existing provider network in North Texas,” said Sam Hazen, president and chief operating officer of HCA. “The addition of Weatherford Regional to our Medical City Healthcare family will help us improve patient access in the Fort Worth area.”
With 13 hospitals, more than 7,000 active physicians and 14,000 employees in Dallas-Fort Worth, HCA’s Medical City Healthcare is one of the North Texas region’s largest health care provider networks. Three Medical City Healthcare hospitals are accredited comprehensive stroke centers, and five hospitals hold Magnet Recognized® status from the American Nurses Association.
The transaction, which is subject to regulatory approvals and other closing conditions, is expected to close by the fall of 2017.
HCA Healthcare operates 174 hospitals, 119 freestanding surgery centers, and numerous other outpatient centers in 20 states and the United Kingdom.