Health Management Associates, Naples, Fla., has agreed to acquire two rural hospitals in Washington state from Providence Health System, Seattle, for an undisclosed sum. The deal includes 203-bed Providence Yakima (Wash.) Medical Center and 50-bed Providence Toppenish (Wash.) Hospital. The deal is expected to close by July 1 pending regulatory approval. Providence, which operates 19 not-for-profit hospitals in four states, said it could not afford to spend the millions of dollars needed to make improvements at the two facilities. For-profit HMA, which specializes in acquiring and upgrading rural hospitals, currently operates 44 hospitals in 14 states. In January, the company acquired 133-bed Madison County Medical Center, Canton, Miss., and earlier this month it purchased land in Collier, Fla., on which to build a new 100-bed hospital. -- by Laura B. Benko
HMA to acquire two Washington state hospitals
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.