A Medical Device Daily
HCA (Nashville, Tennessee) said it has completed the sale of its two Geneva, Switzerland hospitals, Clinique de Carouge and Hospital de la Tour , to a newly formed affiliate of Colony Capital, a private equity firm specializing in real estate investments.
Financial terms of the deal were not disclosed.
HCA said it entered into an agreement with Colony Capital on May 29.
"During the last couple of months, we have had the opportunity to get to know Colony Capital's leadership team, and we are confident they share our commitment to maintaining a patients-first culture," said Michael Neeb, president of HCA's international division. "We are pleased to reach this agreement, which we believe best positions Hospital de la Tour and Clinique de Carouge for continued success."
HCA said it maintains a strong international presence through its six London hospitals.
In other dealmaking activity,Emergency Medical Services (EMS; Greenwood Village, Colorado) said it has completed its acquisition of MedicWest Ambulance (North Las Vegas, Nevada), and Abbott Ambulance (St. Louis). Both of the acquired companies will continue to operate under their respective name brands, EMS said.
Combined, the acquisitions are expected to contribute annual revenue of roughly $52 million and 147,000 transports, EMS said.
EMS operates two business segments: American Medical Response, the company's healthcare transportation services segment, and EmCare Holdings, the company's emergency department and hospital-based management services segment.