IASIS Healthcare, an operator of medium-sized acute care hospitals, has acquired a 79% ownership interest in St Joseph Medical Center in Texas, US.
St Joseph provides general, acute care medical and surgical inpatient and outpatient services, including cardiology and cardiovascular surgery, cancer, intensive/critical care and emergency.
Other services include neurosurgery, imaging, orthopaedics, neonatal intensive care and sub-acute services such as psychiatric and rehabilitation units.
The transaction for the stake is worth $165m and physician investors own the remaining 21% interest.
IASIS now operates five hospitals in Texas; the other four are Odessa Regional Medical Center in Odessa, The Medical Center of Southeast Texas in Port Arthur, Southwest General Hospital in San Antonio and Wadley Regional Medical Center in Texarkana.