MedCath

Hospitals

MedCath sells Texas hospital; just one facility left in MDTH portfolio

MedCath (NASDAQ:MDTH) has sold its stake in a Texas hospital, leaving the dissolving hospital operator with just one facility left. Charlotte, North Carolina-based MedCath sold its minority ownership in the 112-bed, acute care Harlingen Medical Center to Prime Healthcare Services, a California hospital operator. The transaction closed on Wednesday. MedCath also sold its stake in […]

Hospitals

MedCath sells Louisiana hospital to new Tennessee cardiac group

Cardiac care hospital operator MedCath (NASDAQ:MDTH) has sold the New Orleans-area Louisiana Medical Center and Heart Hospital to a Tennesee group as the Charlotte, North Carolina company continues to wind down its operations. Cardiovascular Care Group‘s acquisition of MedCath’s Louisiana hospital is the firm’s first. Nashville, Tennessee-based CCG plans to build a national network of […]

Hospitals

MedCath to net $42M in sale of Arizona cardiac hospital

Hospital operator MedCath (NASDAQ:MDTH) is closing and selling an Arizona hospital in a deal that will net MedCath $42 million. MedCath, a Charlotte, North Carolina-based company, will sell the Hualapai Mountain Medical Center in Kingman, Arizona to the Kingman Regional Medical Center (KRMC), a 235-bed, nonprofit hospital in Kingman, Arizona. MedCath plans to close its […]

Hospitals

Heart hospital operator MedCath will dissolve, distribute assets

Heart hospital-operator MedCath (NASDAQ:MDTH) is on its final heartbeats and the financially struggling firm is preparing to dissolve itself as a company. Charlotte, North Carolina-based MedCath said in a securities filing that when shareholders receive their proxy statements this quarter, the documents will contain information about recent sales of hospital assets as well as a […]

Hospitals

MedCath sells stakes in New Mexico, Arkansas hospitals for $192M

For MedCath (NASDAQ:MDTH), it’s another week and another hospital sale. The Charlotte, North Carolina-based hospital operator on Monday announced definitive agreements to sell its $192 million stake in hospitals in Arkansas and New Mexico. The announcement follows separate deals last week for MedCath to sell its stake in its cardiac catheterization laboratory assets in North […]

Hospitals

Ailing MedCath sells its last North Carolina hospital asset

MedCath (NASDAQ:MDTH) has sold another piece of its fragmenting hospital network — and its last remaining piece in North Carolina. New Hanover Regional Medical Center in Wilmington, North Carolina, has purchased MedCath’s ownership stake and management agreement in Coastal Carolina Heart for $5 million. Coastal Carolina Heart provides catheterization laboratory management services to the Wilmington […]