Queen's finalizes deal to acquire HMC West
Queen's finalizes $70 million deal to acquire HMC West
Queen's Health Systems announced Friday morning that it has finalized the process to acquire the former Hawaii Medical Center West Campus which closed at the end of 2011.
Under the new ownership, the facility will be named Queen's Medical Center - West Oahu. It is planned to open in early 2014.
After announcing the purchase in August, Queen's officials said they would initially hire 400 employees to staff the facility, but that more could be added as operations expand.
According to Queen's, the sale and improvements to the facility are estimated at $70 million. Such improvements include modernizing the emergency, surgical and imaging services.
The transfer of ownership, from St. Francis Healthcare System of Hawaii, was complete after both parties recently signed closing documents that enable Queen's to acquire the campus.
"We recognize the critical need to reopen hospital and emergency services in West Oahu," said St. Francis President and CEO Jerry Correa in a press release. "We believe Queen's solid track record of quality care and thorough understanding of Hawaii's culture and the health needs of the local community make it ideally suited to operate the West Hospital. We have a deep appreciation for their mission."
Hawaii Medical Center purchased the East (Liliha) and West campuses from St. Francis at the beginning of 2007. A bankruptcy court ruling returned those campuses to St. Francis in April 2012 after a second Chapter 11 filing in June 2011 and the facilities' complete closure at the end of that year.
Queen's also opened a new transplant center following the closure of the one offered at HMC.
We'll have more on the sale and what it means for the island's medical field on KITV 4 news at 5 p.m., 6 p.m. and 10 p.m.
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