Santa Clara (Calif.) County will purchase HCA's San Jose, Calif.-based Regional Medical Center for $175 million.
Here are five things to know:
1. The county's board voted unanimously on Aug. 27 to purchase the hospital, which is part of Nashville, Tenn.-based HCA Healthcare.
2. A spokesperson for the county told Becker's that the vote approved providing the county with a notice of intent to purchase the hospital and set a public hearing to approve it.
3. The county said that it had reached a tentative agreement Aug. 21 with HCA Healthcare to purchase the 252-bed hospital Regional Medical Center, which downgraded trauma services, certain cardiac services and comprehensive stroke services at the hospital in early August.
4. "This will allow Santa Clara Valley Healthcare system to expand and enhance their existing network and service lines, offer specialty and subspecialty services available in their network to the East San Jose community, and continue to deliver positive healthcare outcomes the community has come to expect from Regional Medical Center," a spokesperson for Regional Medical Center said in an Aug. 27 statement shared with Becker's.
5. HCA Healthcare, which operates more than 150 ASCs through its surgery center arm Surgery Ventures, recently opened a five-operating-room ASC with 20 physician partners in Kansas City, Mo.