The Federal Trade Commission has cleared Health Management Associates, Naples, Fla., to acquire two-hospital Wuesthoff Health System, Rockledge, Fla. The FTC published a notice that the deal had been granted early termination under the Hart-Scott-Rodino Act. Investor-owned HMA agreed last month to acquire tax-exempt Wuesthoff for about $145 million.
HMA can proceed with Wuesthoff deal
Also, HMA has hired a new CEO for Wuesthoff, according to a news release from Wuesthoff. Steve Patonai is slated to become president and CEO of Wuesthoff on Oct. 1; HMA expects to complete its acquisition by that date. Patonai is leaving his job as CEO of 120-bed Auburn (Wash.) Regional Medical Center, which is owned by another investor-owned hospital chain, Universal Health Services, King of Prussia, Pa.
Patonai, 54, began his hospital executive career with Tallahassee (Fla.) Memorial Health System and took his first CEO position at Gadsden Memorial Hospital in Quincy, Fla. He also oversaw acquisitions for investor-owned Community Health Systems, Franklin, Tenn.
Patonai earned an MBA from Florida State University, Tallahassee, and a master's degree in hospital and health administration from the University of Alabama at Birmingham.
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.