FastMed, a company based in Arizona, has agreed to sell 41 urgent care clinics in Texas to HCA Houston Healthcare.
HCA Healthcare Inc., a Nashville-based company (NYSE: HCA), will acquire 19 FastMed locations and 22 MedPost locations throughout Texas, including in Dallas, Austin and El Paso. The deal, which excludes any locations outside Texas, will close in the summer. The terms of the deal have not been disclosed.
FastMed urgent care clinics are the only locations in Houston. They're located in Humble and Tomball. FastMed and MedPost have locations throughout Texas.
San Antonio (9)
The transaction will increase HCA's portfolio of urgent care clinics to 309 clinics once it is completed.
Erol Akdamar said in a statement that the addition of these urgent-care centers would improve patient access in the Texas communities HCA Healthcare serves. It will offer convenient options for outpatient care when and where patients need them.
HCA Healthcare, founded in 1968 is the largest provider of health care in the state. The company operates 45 hospitals across Texas, 13 of which are in the Houston region. HCA Houston Healthcare has 3,377 licensed local beds, making it the second largest health care system in this region.
HCA Healthcare began discussions in January to purchase the Wise Health System, a not-for profit organization located in Dallas-Fort Worth. In the event that an agreement is reached with Wise Heath, it will become part of the Medical City Healthcare division located in DFW.
Allen Harrison, Medical City's President, sat with the Dallas Business Journal in March to give an update on the Wise Health purchase.
HCA has made Texas a top priority since last year, when it announced plans to build five hospitals in Texas - one each in Dallas Fort-Worth and Houston, as well as two in Austin. At the time, specific details, such as the number of beds in the Houston hospital, were unavailable.