This item has been updated to clarify staffing changes at Wadley Regional Medical Center.
Brim Healthcare of Texas and the multispecialty medical group Collom & Carney Clinic Association have purchased Wadley Regional Medical Center in Texarkana, Texas, from Wadley Health Systems, Texarkana, for about $22 million in a deal that closed March 1. Brim and Collom & Carney are also in Texarkana. Brim, an affiliate of Brentwood, Tenn.-based Brim Healthcare, holds an 80% stake in the 150-bed general acute-care medical center, while Collom & Carney owns the remaining interest, according to Karen Griffin, a marketing specialist for Brim.
The company is in the process of involving other physician investors, so the total investment stake for Collom & Carney and these physician owners could eventually be between 20% and 30%, according to Phil Mazzuca, president and chief executive officer of the Brim system. Mazzuca called the acquisition a game-changer for the company, which has focused primarily on healthcare management since it was established nearly 40 years ago.