News Details

HCA to Acquire Dallas-Based CareNow

October 28, 2014

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:

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.
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Media Contact:
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