For-profit Pacer Health Corp., Miami, said it acquired a majority interest in 35-bed Southpark Community Hospital, Lafayette, La. The hospital's 41 investors, including 37 physicians, will retain a minority stake. Terms were not disclosed. Pacer will own at least 60% of the full-service hospital, which opened in August, and the system's stake could grow as it invests more in the facility. Although Pacer specializes in buying hospitals in need of financial turnarounds, Southpark isn't in financial trouble, said Ray Gonzalez, Pacer's chairman and chief executive officer. The hospital just needed a manager to handle the business side of operations, he said. Pacer, which Gonzalez founded in 2002, now owns three acute-care hospitals -- two in Louisiana and one in Georgia. It also owns a psychiatric hospital in Louisiana.
Small for-profit buys stake in doc-owned hospital
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