The system said Monday that LCMC Health, in partnership with Louisiana’s Tulane University, has agreed to buy three hospitals from Nashville, Tennessee-based HCA Healthcare for $150 million.
If the deal goes through, Tulane Medical Center, Tulane Lakeside Hospital and Lakeview Regional Medical Center will become part of the New Orleans-based LCMC. The LCMC said about 1,600 employees at these three facilities will continue to have jobs as well as “expand opportunities for growth and advancement”.
The agreement, which is expected to close later this year or early next year, will encourage academic collaborations with Tulane University and Louisiana State University, while increasing access to intensive care. region, Greg Feirn, CEO of LCMC said in a press release. It also moved three hospitals from for-profit to non-profit ownership.
Over the next two years, most of the services provided at Tulane Medical Center will transition to East Jefferson General Hospital and the University of New Orleans Medical Center. LCMC has also agreed to invest $220 million in three hospitals to equip and facilities as well as attract more talent.
Tulane University is planning to revive the Charity Hospital building and reposition Tulane Medical Center. The proposed project includes a new research space, a new nursing program, clinical research programs, and graduate programs.
