Acquisition anticipated to add 24 urgent care centers to HCA North Texas Division
HCA (NYSE:HCA), which operates 165 hospitals and 113 surgery centers in
20 states and England, today announced the signing of an agreement to
acquire CareNow, a privately-held company with 24 urgent care centers in
the Dallas-Fort Worth area.
CareNow will become a division inside of HCA, which has one of the
largest health care provider networks in the Dallas-Fort Worth Metroplex
with 11 hospitals, more than 50 ambulatory sites, more than 5,000 active
physicians and 12,000 employees.
“CareNow has a strong brand and will add an exceptional network of
urgent care centers and 130 physicians that complement our hospital,
emergency and outpatient services in Dallas-Fort Worth,” said Sam Hazen,
President of Operations for HCA. “This transaction represents two
trusted providers coming together to deliver a broader and more
integrated level of quality health care services.”
CareNow was founded in 1993 and has grown to become one of the largest
independent providers of urgent care, family practice, and occupational
health services in the area. In 2013, CareNow centers served
approximately 9 percent of the Dallas-Fort Worth population.
Terms of the agreement were not disclosed. HCA expects to complete the
transaction in the fourth quarter of this year.
About HCA and HCA’s North Texas Market
Founded in 1968, HCA is one of the nation’s leading providers of
healthcare services, comprising locally managed facilities that include
165 hospitals and 113 freestanding surgery centers in 20 states and
England. Last year, HCA employees and caregivers at the company’s
affiliated hospitals were responsible for more than 20 million patient
encounters.
HCA North Texas is one of the region’s largest, most comprehensive
health care providers and includes 11 hospitals, more than 50 ambulatory
sites, more than 5,500 active physicians and 12,000 employees in
Dallas-Fort Worth. HCA North Texas is distinguished as the first
regional brain attack network in the United States, with 4 comprehensive
stroke centers, and 6 primary stroke centers geographically positioned
to provide rapid access to high quality stroke care across the
region. Four HCA North Texas hospitals hold the prestigious Magnet
Recognized® status from the American Nurses Association – a
designation of quality achieved only by the top 5 percent of hospitals
nationwide. Seven HCA North Texas hospitals are on The Joint
Commission’s 2013 list of Top Performers on Key Quality
Measures™. For more information visit: hcanorthtexas.com.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the federal securities laws, which involve risks and
uncertainties. Forward-looking statements include statements that do not
relate solely to historical facts. Forward-looking statements can be
identified by the use of words like “may,” “believe,” “will,” “expect,”
“project,” “estimate,” “anticipate,” “plan,” “initiative” or “continue.”
These forward-looking statements are based on our current plans and
expectations and are subject to a number of known and unknown
uncertainties and risks, many of which are beyond our control, which
could significantly affect current plans and expectations and our future
financial position and results of operations. These factors include, but
are not limited to, the ability to consummate and realize the benefits
of the proposed acquisition as well as the risk factors described in our
annual report on Form 10-K for the year ended December 31, 2013 and our
other filings with the Securities and Exchange Commission. Many of the
factors that will determine our future results are beyond our ability to
control or predict. In light of the significant uncertainties inherent
in the forward-looking statements contained herein, readers should not
place undue reliance on forward-looking statements, which reflect
management’s views only as of the date hereof. We undertake no
obligation to revise or update any forward-looking statements, or to
make any other forward-looking statements, whether as a result of new
information, future events or otherwise.
All references to “Company” and “HCA” as used throughout this release
refer to HCA Holdings, Inc. and its affiliates.
HCA Holdings, Inc.
Investor Contact:
Mark Kimbrough, 615-344-2688
Media Contact:
Ed Fishbough, 615-344-2810