Five new hospitals -- three of which will replace existing facilities -- are in the works for booming areas of Texas and Florida. For-profit Triad Hospitals said it will team with Texas Health Resources to build a $100 million, 162-bed hospital north of Dallas in Denton, Texas. The deal is the first "strategic partnership venture" for Triad, a new growth strategy detailed by Triad Chairman and CEO James Shelton earlier this week. Starting in 2005, the company expects to add three to five hospitals a year through partnership agreements. Construction on Presbyterian Hospital of Denton is scheduled to begin this summer, with the hospital's opening slated for 2005. Triad's adjacent Denton Community Hospital then will be renovated and connected to the new hospital, a Triad spokeswoman said. Triad will own 80% of the joint venture, THR will own 20%, and governance will be split 50-50, the spokeswoman said.
Meanwhile, Iasis Healthcare Corp. said it will build an $80 million, 170-bed hospital in Jefferson County, Texas, near the Gulf Coast, to replace the company's 104-bed Mid-Jefferson Hospital in Nederland and 219-bed Park Place Medical Center in Port Arthur. Construction is scheduled to begin this summer, with the hospital's planned opening in early 2005. And, Florida regulators gave approval to plans for three new hospitals in the Jacksonville area. Baptist Medical Center will open a 92-bed, $84 million south campus in 2004. The Mayo Clinic in Jacksonville will build a $207 million, 214-bed hospital to replace its St. Luke's Hospital, which is being sold to St. Vincent's Medical Center. The new hospital will open in 2006. And St. Vincent's will replace St. Luke's with a new $155 million, 145-bed hospital, also set to open in 2006. Memorial Hospital of Jacksonville had appealed the state's approval of St. Vincent's plan but lost. -- by Vince Galloro and Patrick Reilly