HCA Holdings Inc., parent firm of HCA North Texas, will purchase the last of the Forest Park Medical Center sites – the shuttered Dallas locations – for $135 million pending bankruptcy court approval. Closing is expected in mid-to-late June.
The hospital’s owner, Sabra Health Care REIT, made the announcement Tueesday. If approved, the deal means Sabra has shed itself of its investment in the Forest Park properties.
For HCA North Texas, it means that, in a little over a year, it has acquired Medical City Frisco (another former Forest Park property), opened Medical Center Alliance, acquired the CareNow urgent care network, and added new trauma programs across its 13 hospitals.
“In order to meet the needs of our growing North Texas community, Medical City Dallas Hospital continues to expand clinical services for both adults and children,” said Erol Akdamar, HCA North Texas division president, “The addition of this property will add needed capacity and allow us to proactively plan for the continued growth of the exceptional complement of services we provide.”
The purchase includes 2 hospital towers, the parking garage, and a 4-acre parcel of land adjacent to the buildings. The 190,000 square foot hospital, located just north of Forest Lane on Interstate-75, has 84 beds, 22 operating suites, and 16 ICU rooms.
Forest Park Medical Center Fort Worth was recently acquired by Texas Health Resources, while the Methodist system acquired a Forest Park Medical Center in Southlake.
While Irvine, California-based Sabra is pleased to be shed of its Texas-based Forest Park properties, someone in the marketing department is a George Strait fan. The headline on the news release reads: “Our exes are all in Texas.”