The largest hospital chain in Texas is poised to add three North Texas hospitals to its expanding presence in Dallas-Fort Worth, the latest sign of health care’s trend toward consolidation, reports the Forth Worth Star-Telegram.
Wise Health System, which is operated by the Decatur Hospital Authority, announced in January that it had agreed to enter into exclusive acquisition discussions with Medical City Healthcare, a division of HCA Healthcare.
“We’re in our due diligence phase … we’re still working toward final binding agreements,” said Wise Health System CEO and president Jason Wren during a board meeting Monday. Wren said it would likely be several months before a final acquisition agreement is brough before the hospital board. Read more.
