The boards of 383-bed Regional Medical Center and 111-bed University of Tennessee Bowld Hospital, both in Memphis, last week approved a merger to create a single facility, expected to be operational within three years. The consolidated hospital will be housed at the downtown Memphis campus of Baptist Memorial Hospital. The hospital's owner, Baptist Memorial Health Care Corp., plans to move out of the facility and shift services to its east Memphis campus and other hospitals in the Memphis area. It will donate the downtown property, valued at about $200 million, to the merged facility. Baptist is expected to have rights to name two members of the merged hospital's 19-member board.
The chief executive officer and chief financial officer of 125-bed River Park Hospital, a psychiatric facility in Huntington, W.Va., last week signed a letter of intent to buy the hospital from HCA-The Healthcare Co., Nashville, for undisclosed terms. The purchase is expected to be completed by year-end. It must be cleared by the West Virginia Health Care Authority. After the sale, HCA will operate just six freestanding psychiatric hospitals.
Catholic Healthcare West, San Francisco, will open its second hospital in Henderson, Nev., on July 17. The $100 million, 141-bed St. Rose Dominican Hospital Siena Campus is eight miles west of the original 143-bed St. Rose Dominican Hospital. The new hospital was built to accommodate the quickly growing suburbs southeast of Las Vegas.