In a move to help meet the future demands of public healthcare services, the South Broward Hospital District Board of Commissioners recently approved the purchase agreement with a subsidiary of Tenet Healthcare Corporation to acquire Hollywood Medical Center (HMC) for $32 million. The sale is expected to be completed by November 30.
“With the population in South Broward expected to increase by 10 percent in the next five years and with the reality that people are living longer, demand for additional hospital beds and operating rooms will continue to rise significantly,” said Shane Strum, chairman, South Broward Hospital District Board of Commissioners. “Memorial holds an impressive reputation for delivering top-notch healthcare services to residents of our community regardless of ability to pay, and this acquisition is being made with the community in mind.” Hollywood Medical Center employees will be given the opportunity to join Memorial Healthcare System’s workforce. Physicians affiliated with HMC will be able to apply for membership to Memorial’s medical staff. “We are looking forward to welcoming Hollywood Medical Center employees and physicians to our Memorial family,” said Frank V. Sacco, CEO, Memorial Healthcare System.
