Texas Heart Institute Seeks a Separation as St Luke’s Sale to Catholic Health Initiatives is Finalized

MONDAY TOP NEWS LINKS:

Denton A. Cooley Building—Texas Heart Institute at St. Luke's Episcopal Hospital
Denton A. Cooley Building—Texas Heart Institute at St. Luke’s Episcopal Hospital

Bayan Raji, Houston Business Journal
Denver-based Catholic Health Initiatives’ acquisition of the St. Luke’s Episcopal Health System is complete.
“It’s a done deal,” a spokesman for St. Luke’s said.

The $2 billion sale of St. Luke’s to CHI was announced last month. As part of the deal, CHI will contribute more than $1 billion to create a new Episcopal Health Foundation, which will focus on the unmet health needs of the area’s underserved population. In addition, CHI will commit an additional $1 billion for future investment in the health system.

[…] The Texas Heart Institute, housed inside a St. Luke’s hospital in the TMC, filed a motion May 16 with Harris County District Court asking the court to declare it a separate entity from the hospital system.

Texas Heart is dependent upon financial support from government grants, research contracts, philanthropy and annual support from St. Luke’s. However, the institute called its relationship with St. Luke’s “not feasible going forward.”
Read more of this story at the Houston Business Journal

RELATED:
• St. Luke’s officials finalize hospital sale (Houston Chronicle)
• Texas Heart Institute says St. Luke’s agreement ‘not feasible’ (Houston Business Journal)

LOCAL AREA HEADLINES:

STATE HEADLINES:

 NATION & WORLD: