HCA Healthcare (NYSE: HCA), which operates 174 hospitals, 119
freestanding surgery centers, and numerous other outpatient centers in
20 states and the United Kingdom, today announced an agreement to
acquire Weatherford Regional Medical Center outside Fort Worth, Texas,
from subsidiaries of Community Health Systems, Inc.
Upon completion of the transaction, Weatherford Regional Medical Center,
a 103-bed hospital about 30 miles west of Fort Worth, would become part
of HCA’s Medical City Healthcare in the Dallas-Fort Worth Metroplex.
“Weatherford Regional has a longstanding tradition of caring for its
community and will complement our existing provider network in North
Texas,” said Sam Hazen, president and chief operating officer of HCA.
“The addition of Weatherford Regional to our Medical City Healthcare
family will help us improve patient access in the Fort Worth area.”
With 13 hospitals, more than 7,000 active physicians and 14,000
employees in Dallas-Fort Worth, HCA’s Medical City Healthcare is one of
the North Texas region’s largest and most comprehensive health care
provider networks. Three Medical City Healthcare hospitals are
accredited comprehensive stroke centers, and five hospitals hold the
prestigious Magnet Recognized® status from the American
Nurses Association.
The transaction, which is subject to regulatory approvals and other
closing conditions, is expected to close by the fall of 2017.
About HCA Healthcare
Nashville-based HCA Healthcare is one of the nation's leading providers
of healthcare services, operating 174 locally managed hospitals and 119
freestanding surgery centers in 20 states and the United Kingdom. With
its founding in 1968, HCA created a new model for hospital care in the
United States, using combined resources to strengthen hospitals, deliver
patient-focused care and improve the practice of medicine. HCA has
conducted a number of clinical studies, including one that demonstrated
that full-term delivery is healthier than early elective delivery of
babies and another that identified a clinical protocol that can reduce
bloodstream infections in ICU patients by 44 percent. HCA is a learning
healthcare system that uses its more than 27 million annual patient
encounters to advance science, improve patient care and save lives.
Please click
here to connect with HCA on social media.
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 or current 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, 2016 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
document refer to HCA Healthcare, Inc. and its affiliates.
HCA Healthcare
Investor Contact:
Mark Kimbrough, 615-344-2688
or
Media Contact:
Ed Fishbough, 615-344-2810