Cardiovascular Research

MedCath Sells Louisiana Medical Center & Heart Hospital to Cardiovascular Care Group; Completes Sale of Hualapai Mountain Medical Center to Kingman Regional Medical Center

Published in Cardiovascular Week, October 17th, 2011

2011 OCT 17 -- MedCath Corporation (Nasdaq: MDTH) announced that it has sold its interest in Louisiana Medical Center & Heart Hospital to Cardiovascular Care Group (CCG). The purchase agreement and the transaction were simultaneously signed and closed, effective Sept. 30, 2011.

MedCath also announced it has completed the sale of substantially all the assets of Hualapai Mountain Medical Center in Kingman, Ariz., to Kingman Regional Medical Center (KRMC), also effective Sept. 30, 2011. The transaction was announced in August and was subject to MedCath stockholder approval, which occurred during a Special Meeting of Stockholders on Sept. 22, 2011, as well as...

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Source: Cardiovascular Week (2011-10-17)

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