The joint venture of tax-exempt Duke University Health System and investor-owned LifePoint Hospitals has completed its first deal, buying the North Carolina cardiac catheterization operations owned by MedCath Corp., Charlotte, according to a MedCath release.
Duke-LifePoint joint venture completes first deal
DLP Healthcare acquired six hospital-based catheterization labs and three mobile catheterization labs that were owned by MedCath Partners, an affiliate of MedCath Corp. The nine certificates of need associated with those labs also were part of the deal, according to a DLP release. The operations were valued in the deal at $25 million; MedCath expects to net $16 million from the sale, once certain assets and liabilities that it will retain are considered, according to MedCath’s release.
The labs will be operated by the same management team under the name DLP Cardiac Partners, according to the joint venture.
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