Christus Health, Irving, Texas, is seeking a buyer for Christus St. Joseph's Health System, Paris, Texas, two years after acquiring a monopoly in the market. Christus cited physician and community resistance to service consolidations. The two-hospital St. Joseph's system has been losing between $500,000 and $1 million a month for the past two years and is budgeted to lose $5 million in fiscal 2004, which starts July 1, Christus spokeswoman Linda McClung said. Christus bought 160-bed McCuistion Regional Medical Center, Paris, from Texas Health Resources in 2001 for an undisclosed price. It previously owned 200-bed Christus St. Joseph's Hospital, the town's only other acute-care facility. Christus said it hopes to identify a buyer for the system by September. -- by Mary Chris Jaklevic
Christus seeks buyer for two Texas hospitals
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