Triad Hospitals is closing one of its two Phoenix-area hospitals after receiving an offer from Phoenix Children's Hospital to buy it and turn it into a new children's hospital.
Triad, the Dallas-based spinoff from Columbia/HCA Healthcare Corp., was not considering selling 174-bed Phoenix Regional Hospital until Phoenix Children's made an offer, said Triad spokeswoman Pat Ball.
Phoenix Children's agreed to pay Triad $30 million for the facility, which will close Nov. 18 to undergo renovations and an expansion. Those are expected to be completed in 2001.
The entire project is expected to cost Phoenix Children's $70 million, said Burl Stamp, president and chief executive officer of the children's hospital.
Triad's 500 employees at the hospital will receive severance packages and will be paid through Dec. 17. Patients' medical records will be transferred to Triad's other Phoenix hospital, 140-bed Paradise Valley Hospital.
Phoenix Children's Hospital, an independent not-for-profit acute-care facility, currently leases space within 697-bed Good Samaritan Regional Medical Center. A lack of pediatric beds and the high cost of building a new facility led to the deal with Triad, Stamp said.
Once the renovated 300-bed facility is completed and the pediatric hospital moves into it, more than 200 adult acute-care beds will be opened up at Good Samaritan, Stamp said.