“This facility acquisition will complement the already exceptional cardiovascular programs currently operating throughout St. David’s HealthCare,” said Jon M. Foster, president and chief executive officer of St. David’s HealthCare. “One of the clinical areas St. David’s HealthCare has continued to develop regionally is our cardiovascular service, which is strong thanks to the outstanding care provided by our St. David’s HealthCare-affiliated physicians and staff.”
The deal is expected to follow the normal regulatory approval process and will be finalized upon completion of that process.
MedCath is the current manager and majority owner of the Heart Hospital of Austin, based in Charlotte, NC. O. Edwin French, MedCath's president and chief executive officer, said the legacy of the Heart Hospital of Austin will continue through St. David's HealthCare. “The Heart Hospital of Austin has helped distinguish MedCath, epitomizing our model of providing high-quality care in an efficient manner,” he said.
According to HealthGrades, a leading health ratings organization, the Heart Hospital of Austin has received the number one ranking in Texas for cardiovascular services for six consecutive years.
“Joining St. David’s HealthCare allows us to enhance the high-quality care that we have provided our patients for years, further benefitting the community in Austin,” said David Laird, president and chief executive officer of the Heart Hospital of Austin, said.
St. David’s HealthCare is a multi-hospital regional healthcare system based in Austin, Texas.
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