MEMPHIS, Tenn.-Brentwood, Tenn.-based New American Healthcare Corp. acquired its third hospital, Eastwood Hospital of Memphis, a for-profit facility owned by Austin, Texas-based Healthcare America. New American also plans to change the hospital's name to Delta Medical Center-Memphis because of a "future geographic focus," said Dana McLendon Jr., senior vice president of finance and administration at New American. Terms of the deal, which closed last month, weren't disclosed, but executives said the hospital has annual net patient revenues of about $30 million. Healthcare America is selling the 209-bed facility to focus on its psychiatric business. Formed in 1995, New American owns and operates acute-care hospitals in nonurban and rural markets.
DISTRICT OF COLUMBIA-Georgetown University Medical Center's faculty practice group has signed a letter of intent to merge with 50 Washington-area practices of Avanti Corporate Health Systems, a New York-based management services organization, into a new primary-care network. With the deal, Georgetown will be forming a 10-site primary-care network and a physician practice management company. The new primary-care network initially will provide services to 60,000 patients in the District of Columbia and suburban Maryland and Virginia, with the hope of developing more business with managed-care plans and fee-for-service insurers.