Contact Us

Wanta Buy a Hospital? A Houston Hospital Is Up For Auction

Justin Sullivan, Getty Images

Houston’s oldest hospital — the historic St. Joseph Hospital and Medical Center — will be put up for auction next month.  This comes five years after its Catholic owners sold their majority interest to a profit based company in North Carolina.

Hospital Partners of America invested heavily in the downtown hospital but declared bankruptcy 2½ years ago and will auction off the hospital as part of its Chapter 7 process.  Otherwise, the hospital in the heart of downtown Houston is financially healthy.

The purchase price will be based upon an “enterprise value” of $165 million.

In a prepared statement, Chief Executive Officer Patrick Mathews said “St. Joseph has been caring for the people of Houston for nearly 125 years, and there are no plans for that to change.”

via St. Joseph to be put up for auction | Houston & Texas News | Chron.com – Houston Chronicle.

St. Joseph was founded in 1887 by the Sisters of Charity of the Incarnate Word, a Catholic order tasked with providing “Christ-centered, compassionate health care.  It’s often referred to as “Houston’s birthplace” because there was a time when one of every three Houstonians was born there.

More From KSFA:

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://ksfa860.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on NEWSTALK 860 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on NEWSTALK 860 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!