Universal Health Services acquired the remaining interest in George Washington University Hospital from George Washington University.
Since July 1997, GW Hospital has been jointly owned and operated by a partnership between GW and a subsidiary of UHS, one of the nation’s largest hospital and healthcare services companies. Historically, UHS has held an 80 percent interest and the university has held a 20 percent limited partnership interest in GW Hospital. Under the restructured agreement, UHS becomes the sole owner of GW Hospital by purchasing the 20 percent minority interest from GW.
A certificate of need for UHS’ purchase of GW’s minority interest will be submitted to the District’s State Health Planning and Development Agency today. Read more.
