St. Vincent Hospitals and Health Services of Indianapolis has signed an agreement to purchase Lifelines Children's Hospital, also in Indianapolis.
The acquisition is part of a big push into the pediatric services market by 427-bed St. Vincent, which opened its own pediatric intensive-care unit in March. In a prepared statement, St. Vincent called the Lifelines acquisition "consistent with the direction of the system."
Financial terms weren't disclosed.
Lifelines, a 21-bed freestanding acute-care hospital, provides rehabilitation, respiratory management and outpatient services for children.
The St. Vincent system includes healthcare outposts in 32 Indiana counties, including five hospitals and a number of physician clinics.
The agreement is subject to the approval of Daughters of Charity National Health System, which owns St. Vincent.