PHOENIX--(BUSINESS WIRE)-- Vanguard Health Systems announced today it has signed a definitive agreement to acquire substantially all of the assets of the Arizona Heart Hospital from a venture that includes MedCath and local physicians.
This announcement follows Vanguard’s announcement last week of its agreement to acquire the Arizona Heart Institute. The Arizona Heart Institute is a part-owner of Arizona Heart Hospital, LLC. Both the Heart Institute and the Heart Hospital would join Vanguard’s Abrazo Health Care system which includes five hospitals throughout the Phoenix area, Abrazo Medical Group, and two health plans, Phoenix Health Plan and Abrazo Advantage.
“The addition of the Arizona Heart Hospital to Abrazo Health Care is a milestone in our effort to build a superior, clinically integrated cardiovascular health care delivery system in this region,” said Dan F. Ausman, President of Abrazo Health Care. “The Arizona Heart Hospital has built a reputation for extraordinary, world class cardiovascular care, which has been recognized with numerous awards and accolades. They have combined that with an exceptional patient experience complemented by a research and academic program that has gained national attention for excellence. We could not be happier to have them join and strengthen our family.”
“We are extremely honored to have had this opportunity to add to our growing health system in Phoenix. We are excited at the prospect of teaming with such remarkable leaders, physicians and staff to make a difference in the lives of the people in Phoenix and beyond,” Ausman said.
About Arizona Heart Hospital:
Arizona Heart Hospital is a regional center of excellence dedicated exclusively to cardiac and cardiovascular care. The hospital’s innovative patient-centered approach organizes teams of physicians, nurses, and support services around patients’ needs, offering significant enhancements in the ability to deliver excellent care at lower costs. Arizona Heart Hospital is a 59-bed facility, representing a unique collaboration between several of the area’s leading physicians and MedCath Incorporated, a Charlotte, NC-based health care company.
About Abrazo Health Care
Abrazo Health Care, a Vanguard organization, is the second largest health care delivery system in Arizona and is committed to providing excellent medical care to the residents of Maricopa County. The Abrazo system has 988 licensed beds across five acute care hospitals: Arrowhead Hospital, Maryvale Hospital, Paradise Valley Hospital, Phoenix Baptist Hospital and West Valley Hospital. The system is also comprised of: two health plans, Phoenix Health Plan and Abrazo Advantage, serving nine counties in the state; Abrazo Advanced Imaging with five locations; School-Based Health Centers; and Abrazo Medical Group with 77 employed physicians in 17 Valley locations. For more information, visit www.abrazohealth.com.
About Vanguard Health Systems
Vanguard is a privately held, for-profit healthcare management company based in Nashville, TN that owns and operates hospitals and other healthcare facilities in Arizona (Abrazo Health Care), Texas, Illinois and Massachusetts, serving as the bridge between non-profit health systems and the strengths of for-profit corporations. Recently, Vanguard signed an agreement to acquire Detroit Medical Center. If approved, the acquisition would add eight hospitals with 1,734 licensed beds to the Vanguard system. Vanguard currently has over 20,000 employees nationwide dedicated to its mission to help people achieve health for life. Their vision is to create life-long relationships by changing the way health and healthcare is delivered in our communities. For more information, visit www.vanguardhealth.com.
CONTACT:
Abrazo Health Care
Lisa Levi, 602-674-1419
Regional Marketing & PR Director
[email protected]
KEYWORDS: United States North America Arizona
INDUSTRY KEYWORDS: Health Cardiology Hospitals General Health
MEDIA: