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Follow on Google News | Signature Hospital Corporation Selects Nueterra Healthcare to Purchase Pampa Regional Medical CenterSignature Hospital Corporation, along with Nueterra Healthcare and Progressive Acute Care, announced they have signed a Letter of Intent for the sale of Signature’s Pampa Regional Medical Center in Pampa, Texas.
By: Brian Levinson This decision initiates exclusive negotiations with Nueterra Healthcare and Progressive Acute Care for the purchase of the hospital. The transaction is expected to close in the first quarter of 2012, and provides a framework for the formal process of transferring ownership of Pampa Regional to Kansas-based Nueterra Healthcare and Louisiana-based Progressive Acute Care. This agreement follows a thorough and deliberate 10-month search by Signature Hospital Corporation that will ensure the long-term vitality of Pampa Regional Medical Center, further strengthen its quality of care and ensure that the Pampa community has access to healthcare close to home. “We are excited to have found high-caliber partners like Nueterra and Progressive, who will continue this hospital’s mission of providing excellent local healthcare,” “Nueterra’ Progressive CEO Dan Rissing echoed these statements, saying, “We recognize the importance of Pampa Regional to the Pampa community, and we want to build on the foundation that has been formed by the invaluable physicians and staff. Over the next few months, Nueterra and Progressive will work with Pampa Regional leadership to reach an agreement that’s in the best interest of this community and hospital. We look forward to getting to know the Pampa community.” About Signature Based in Houston, Texas, Signature Hospital Corporation is a privately held company dedicated to providing affordable, state-of-the- Signature was founded in 2005 as a privately held company, receiving financial backing from funds managed by Goldman Sachs, a global investment banking and securities firm. For more information on Signature, please visit www.signaturehospital.com. About Nueterra Healthcare Nueterra Healthcare creates long-term partnerships with health systems, hospitals and physicians to develop innovative strategies to improve the delivery of health care services while growing market share. The company is one of the country’s leading developers and managers of health system or physician-owned surgical facilities and community hospitals, and now provides international opportunities for its partners through Nueterra International. For more information, visit www.nueterrahealthcare.com. About Progressive Acute Care Progressive Acute Care, LLC is a Louisiana-based health system that provides a full continuum of high-quality, compassionate, community-focused healthcare services through its associates, physicians and volunteers in a fiscally responsible manner. The company believes the best way to satisfy any community’s healthcare needs is by engaging and empowering local physicians, community and business leaders to help collectively drive the vision and direction of its healthcare facilities. For more information, please visit www.progressiveacute.com. End
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