Legacy Hospital Partners, Plano, Texas, said it has clinched its first deal since opening for business in January. The company and the University of New Mexico Medical Group, Albuquerque, are in exclusive negotiations to develop and build a teaching hospital in Sandoval County, north of Albuquerque. The partners hope to build the hospital on the new University of New Mexico campus in Rio Rancho, if possible. The university owns a 200-acre parcel in the city.
A new hospital in Rio Rancho could compete with the two large systems in Albuquerque: not-for-profit Presbyterian Healthcare Services and Lovelace Health System, owned by for-profit Ardent Health Services, Nashville.
Legacy was founded by former executives of Triad Hospitals, Plano, with the intention of using Triads main development strategyjoint ventures with not-for-profit providers. The companys board includes six current or former not-for-profit hospital executives, including three former chairmen of the American Hospital Association. -- by Vince Galloro