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Baylor Scott & White buys Lakeway Regional Medical Center

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Baylor Scott & White purchases Lakeway Regional Medical Center.

Baylor Scott & White Health has purchased the operations of Lakeway Regional Medical Center, a hospital west of Austin that has at times experienced financial difficulties in the four years since it was founded, for an undisclosed price.

The facility will be renamed Baylor Scott & White Medical Center-Lakeway and the transition will be complete by the end of the summer, according to a July 6 announcement. Philippe Bochaton, CEO of Lakeway Regional Medical Center, will remain as CEO of Baylor Scott & White Medical Center-Lakeway.

The 106-bed, 271,000-square-foot hospital opened in April 2012. Patient shortages caused revenue shortfalls, and in August 2013 it defaulted on a federal loan.

Since then, Lakeway Regional has appeared to regain its financial footing and the surrounding area has attracted more real estate activity. Bochaton said there has been a huge increase in patients treated and surgeries performed in the 14 months since he was hired.

Click here to read the full article: Baylor Scott & White buys Lakeway Regional Medical Center Austin Business Journal (7-6-2016)

 

 

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