A subsidiary of US-based Tenet Healthcare has acquired a majority stake in Texas Regional Medical Center in Sunnyvale, Texas.
With this latest acquisition, the company now has a 70-bed hospital in Dallas in addition to three other hospitals in the area – Lake Pointe Medical Center in Rowlett, Doctors Hospital of White Rock Lake and Centennial Medical Center in Frisco – plus 12 outpatient centres.
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Physician owners continue to retain a minority interest in Texas Regional Medical Center.
Tenet president and CEO Trevor Fetter said: "We are pleased to add Texas Regional Medical Center to our network and look forward to working with the team of loyal and high-quality medical staff to bring additional services and investment to residents in the area."
Texas Regional Medical Center CEO Stephen Garrison said that the facility is a natural fit within Tenet’s network of health services in the east Dallas area.
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"We are excited to join the talented physicians, nurses and staff of Tenet Healthcare," Garrison added.
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By GlobalDataTexas Regional Medical Center features a cardiovascular centre, spine programme, obstetrics programme and neonatal intensive care unit, a surgical weight loss programme and an emergency department.
Tenet operates 78 hospitals, 189 outpatient centres and Conifer Health Solutions, a provider of business process solutions to healthcare providers.
