Hill Country Memorial, Methodist Healthcare

Overview

Deal Type Mergers & Acquisitions
Client & Transactional Partners Hill Country Memorial
Methodist Healthcare
HCA Healthcare
Our Role Sell-Side Advisor

Summary

Methodist Healthcare, the joint-venture between HCA Healthcare and Methodist Healthcare Ministries of South Texas, has completed the acquisition of Hill Country Memorial making Hill Country Memorial a part of Methodist Healthcare. An affiliation transaction was completed on April 1, 2023.

Cain Brothers was engaged by Hill Country Memorial as its exclusive sell-side advisor to assist HCM through the sale process and negotiations with Methodist. Cain Brothers brought deep domain expertise in the hospital and health system sector and a strong understanding of the health care market in Texas. This affiliation will help achieve HCM and Methodist’s shared goal of increasing access to care and providing quality healthcare services to patients in the Texas Hill Country region.

Hill Country Memorial is a not-for-profit, non-tax-supported health care network supporting the Hill Country region of Texas since 1971. Located in Fredericksburg, HCM includes an 84-licensed bed general Acute Care Community Hospital, 8 Medical Clinics, one Immediate Care Clinic, and a joint venture Ambulatory Surgery Center.

Methodist Healthcare, a 50-50 co-ownership between Methodist Healthcare Ministries of South Texas, Inc., and HCA Healthcare, is recognized as a leading healthcare provider in South Texas, offering an outstanding selection of doctors, healthcare professionals, equipment and health services. Methodist operates a network of hospitals in the greater San Antonio area, including nine acute care facilities: Methodist Hospital, Methodist Children's Hospital, Methodist Hospital Metropolitan, Methodist Hospital Northeast, Methodist Hospital Atascosa, Methodist Hospital Specialty and Transplant, Methodist Hospital Stone Oak and Methodist Hospital Texsan.

Nashville-based HCA Healthcare is one of the nation’s leading providers of healthcare services comprising 182 hospitals and approximately 2,300 ambulatory sites of care, including surgery centers, freestanding ERs, urgent care centers, and physician clinics, in 20 states and the United Kingdom. With its founding in 1968, HCA Healthcare created a new model for hospital care in the United States, using combined resources to strengthen hospitals, deliver patient-focused care and improve the practice of medicine. 

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