Triumph HealthCare to Acquire St. Agnes LTACH

Posted by Jason Greis on September 23, 2009 under Industry News | Be the First to Comment

Houston-based Triumph HealthCare, the nation’s third largest provider of LTACH services, announced September 15 that it would acquire St. Agnes Long Term Care Hospital from Mercy Health System.  The 58-bed LTACH hospital is located in the former St. Agnes Medical Center in South Philadelphia. The deal, which is expected to close by mid December, will increase Triumph’s hospital count to twenty-one and will be Triumph’s second LTACH in Pennsylvania. Triumph has entered into a long-term lease arrangement with St. Agnes, and future plans for the Hospital-within-Hospital facility call for the conversion of ten existing beds to a licensed ICU and an expansion of onsite procedures. Read More...