In a groundbreaking development, CHRISTUS Health Ark-La-Tex has announced its plans to acquire Wadley Regional Medical Center from Steward Health Care, signaling a significant boost to healthcare services in Texarkana.
Proposed Stalking Horse Bid for Wadley Regional Medical Center
CHRISTUS Health Ark-La-Tex's bid has been identified as the proposed stalking horse, setting the stage for potential higher bids until September 9, 2024. The acquisition, pending bankruptcy court approval and regulatory conditions, is poised to solidify CHRISTUS Health's commitment to delivering compassionate healthcare in the region.
Continuity of Exceptional Care
President and CEO Ernie Sadau expressed confidence in CHRISTUS Health's ability to uphold Wadley Regional Medical Center's outstanding legacy of care. Sadau emphasized the organization's dedication to ensuring continuity and enhancing healthcare services for the Texarkana community.
Commitment to Excellence
Jason Adams, president of CHRISTUS St. Michael Health System in Texarkana, reaffirmed their commitment to offering top-notch care to all community members, particularly the underserved. Adams highlighted the organization's unwavering mission to serve the community with compassion and excellence.
Expansion and Integration
The acquisition, subject to standard closing conditions and regulatory approvals, is expected to seamlessly integrate Wadley Regional Medical Center into the CHRISTUS network. CHRISTUS Health, with its headquarters in Irving, Texas, operates a wide-reaching healthcare network spanning over 60 hospitals in multiple states and international locations. For more details about CHRISTUS Health, please visit www.christushealth.org.