UCHealth Acquires Two Hospitals and 17 Freestanding ERs

UCHealth has acquired full ownership of two hospitals and 17 freestanding emergency rooms from its former partner.  Since the spring of 2015, Lewisville, Texas-based Adeptus Health and UCHealth have collaborated on the acquisition/operation of these Colorado properties with UCHealth holding the majority interest.

In April of this year, Adeptus Health filed for Chapter 11 federal bankruptcy protection in Dallas.   Adeptus is the nation’s largest freestanding emergency room operator, and it sought protection while it negotiated a financial restructuring plan with New York-based hedge fund Deerfield Management Co.   At the time of the filing, joint venture contracts held by Adeptus, including its partnership with UCHealth, were not to be included in the Chapter 11 filing.

The two partnership hospitals are Grandview Hospital in Colorado Springs, and UCHealth Broomfield Hospital.   The 17 freestanding ERs dot the front range from Fort Collins to Colorado Springs.  All freestanding ERs will be re-branded with the UCHealth ER name.

Read more at U.S. News & World Report.

Read more in The Denver Post.

 

 

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