Christus plans $71M Texas hospital sale to University Health – Becker’s Hospital Review | Healthcare News
Irving, Texas-based Christus Health has shared plans to sell its former San Antonio-based Christus Santa Rosa Hospital—Medical Center to University Health, also in San Antonio, for $71 million.
The decision comes after a unanimous vote from the Bexar County Hospital District board of managers approved the parties’ plans to enter into a purchase and sale agreement, which would see the hospital ownership transferred to University Health, according to a July 30 news release shared with Becker’s.
The board also approved $20 million for renovations to the hospital as well, a spokesperson for University Health told Becker’s.
In February, Christus shared plans to close the hospital on April 25 and consolidate services to nearby Christus facilities, after an evaluation of its operations and the community’s evolving healthcare needs.
“Acquiring this 45-acre hospital campus will help decompress University Hospital, and provide convenient parking and easy access for our patients in need of advanced specialty care and diagnostic services,” Edward Banos, president and CEO of University Health, said in the release. “Expanding our footprint in the medical center also strengthens our ability to recruit and retain top medical experts to care for our community.”
University Health, which is in the middle of a $1.5 billion strategic expansion, said it has the appropriate funds to purchase Christus Santa Rosa and will not require a tax rate increase. The program entails construction of two, five-story hospitals, which are expected to open in early 2027. Two public health and multi-specialty health centers are also included in the program and will open in the fall.
Over the last five years, Christus has also invested $300 million in ambulatory facilities, hospital expansion and a wider employed-physicians network.
“This transition ensures that the facility continues to meet the needs of area residents with the same spirit of compassion and excellence that Christus is known for,” Ernie Sadau, president and CEO of Christus Health, said in the release.