ST. PETERSBURG, Fla.—Johns Hopkins Medicine in Baltimore has expanded outside its footprint on the East Coast by formally integrating the 216-bed All Children's Health System. “All Children's becomes the first U.S. hospital outside the Baltimore/Washington, D.C., region to achieve membership with JHM,” said a joint news release about the deal, which became official April 1.
Regional News/South: Johns Hopkins Medicine integrates All Children's Health System, and other news
The deal was first revealed last July. The release from the two not-for-profit entities said no money would change hands in the integration, and charitable donations made to All Children's would stay in Florida for local use. All Children's will continue to hold a majority of seats on its board, while the chairman and several members of All Children's board will be invited to sit on governance committees with Johns Hopkins Medicine and Johns Hopkins Health System. All Children's formally dedicated a new 10-story patient tower and outpatient-care center just over a year ago. Johns Hopkins Health System includes four hospitals, all in Maryland, plus All Children's.
SUNNYVALE, Texas—Sabra Health Care REIT, Irvine, Calif., announced it signed an agreement to purchase the real estate assets of 61-bed Texas Regional Medical Center at Sunnyvale for $62.7 million in cash. The center is owned by a similarly named partnership that includes about 75 physicians who practice at the hospital, according to a Sabra news release. The partnership will sign a long-term lease to continue operating the facility under the deal's terms. The deal is the first for Sabra, which was formed last year when shareholders of Sun Healthcare Group, Irvine, Calif., approved a plan to split into two companies. The two companies became a skilled-nursing and assisted-living facility provider under the name Sun Healthcare Group, and Sabra, a real estate investment trust that took ownership of Sun's real estate. The Texas Regional deal is subject to customary closing conditions and is expected to close during the second quarter.
SHEFFIELD, Ala.—Helen Keller Hospital entered into a joint venture to operate a home-health and hospice-care agency with LHC Group, Lafayette, La. The venture, which will operate as Keller Home Care and Keller Hospice, is expected to serve a six-county area in northwestern Alabama with a population of about 260,000, according to a news release from LHC. Net revenue is expected to be about $3 million a year. “We believe this new partnership will expand the quality and scope of services to the patients and communities we serve …,” William Anderson, president and CEO of Colbert County-Northwest Alabama Health Care Authority, which owns 159-bed Helen Keller, said in the release.
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