Buying 473-bed Mercy Hospital would expand HCAs presence in South Florida that includes operations in Kendall and Aventura in Miami-Dade County.
The addition of Mercy creates a corridor of care that enables us to better serve the community, said Michael G. Joseph, the president of HCAs East Florida division.
Mercy is expected to keep its name and Catholic identity under ownership of HCA. No abortions would be performed. Daily masses will continue at its chapel.
The deal comes as HCA prepares for an initial public offering that would mark its return as a publicly traded company. Other Nashville area hospital chains with acquisitions pending include LifePoint Hospitals and Vanguard Health Systems.
Mercy had a 2009 loss of $3.4 million on operating revenues of $205 million, The Miami Herald reported.
Financial terms of the HCA-Mercy deal werent disclosed, but it should close as soon as possible pending a definitive agreement and approvals from regulators. HCAs East Florida unit has 12 hospitals.
Getahn Ward covers the business of health care. He can be reached at 615-726-5968 or at firstname.lastname@example.org.
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