Pipeline Health announces sale of white rock medical center
Press releases may be edited for formatting or style | September 22, 2023
Business Affairs
Pipeline Health has reached an agreement with Heights Healthcare of Texas, LLC, to purchase White Rock Medical Center in Dallas. The sale is expected to close on or before Monday, Oct. 2.
Led by Dr. Mirza Baig, a neurosurgeon, Heights Healthcare of Texas has a team of seasoned experts in the field of facilities management. They oversee several surgical and acute care facilities in the Houston area, as well as DFW Surgical Hospital located in Hurst, TX.
A pivotal aspect of the company’s strategic plan for White Rock Medical Center involves the expansion of several service lines and the development of a robust network of physician-led initiatives. This network will facilitate strong affiliations with the hospital, thereby driving increased patient volume.
Patients will see no changes in scheduled appointments, surgeries or hospital contacts as Heights Healthcare assumes ownership of White Rock Medical Center. Importantly, Heights Healthcare plans to assume the hospital’s multi-year contract with Paragon to implement a new electronic health record system.
Pipeline and Heights Healthcare will work through a transition period for key functions including those related to revenue cycle and information technology services. Pipeline purchased the hospital in 2018.
The planned change of ownership comes after several months of unsustainable financial losses at White Rock.
“Our first goal was to keep this hospital open, and our second goal was to stabilize the hospital’s financial condition,” said Pipeline CEO Robert Allen. “We achieved both of those goals. In considering what was in the best interest of this hospital and this community, Pipeline decided to seek out prospective buyers.”
Recent cost reductions – including employee layoffs and the closure of the obstetrics program — have brought White Rock’s expenses in line with projected revenues.
“This 218-bed hospital is now well-positioned to move forward with a Texas-based owner, while California-based Pipeline focuses attention on its four Los Angeles-area hospitals,” Allen added. “The Pipeline leadership team is grateful for the steadfast dedication of the White Rock employees and physicians. They have remained committed to serving their patients during challenging times. We wish them all the best going forward.”
Led by Dr. Mirza Baig, a neurosurgeon, Heights Healthcare of Texas has a team of seasoned experts in the field of facilities management. They oversee several surgical and acute care facilities in the Houston area, as well as DFW Surgical Hospital located in Hurst, TX.
A pivotal aspect of the company’s strategic plan for White Rock Medical Center involves the expansion of several service lines and the development of a robust network of physician-led initiatives. This network will facilitate strong affiliations with the hospital, thereby driving increased patient volume.
Patients will see no changes in scheduled appointments, surgeries or hospital contacts as Heights Healthcare assumes ownership of White Rock Medical Center. Importantly, Heights Healthcare plans to assume the hospital’s multi-year contract with Paragon to implement a new electronic health record system.
Pipeline and Heights Healthcare will work through a transition period for key functions including those related to revenue cycle and information technology services. Pipeline purchased the hospital in 2018.
The planned change of ownership comes after several months of unsustainable financial losses at White Rock.
“Our first goal was to keep this hospital open, and our second goal was to stabilize the hospital’s financial condition,” said Pipeline CEO Robert Allen. “We achieved both of those goals. In considering what was in the best interest of this hospital and this community, Pipeline decided to seek out prospective buyers.”
Recent cost reductions – including employee layoffs and the closure of the obstetrics program — have brought White Rock’s expenses in line with projected revenues.
“This 218-bed hospital is now well-positioned to move forward with a Texas-based owner, while California-based Pipeline focuses attention on its four Los Angeles-area hospitals,” Allen added. “The Pipeline leadership team is grateful for the steadfast dedication of the White Rock employees and physicians. They have remained committed to serving their patients during challenging times. We wish them all the best going forward.”
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