Healthcare Transactions Group Arranges Sale of DeQueen Arkansas Critical Access Hospital

Healthcare Transactions Group closed the sale of DeQueen Medical Center, a certified Critical Access Hospital in DeQueen, Arkansas, licensed for 25-beds, with home health services and a 10-bed Rehab Unit.  The transaction closed on April 1, 2017.

Healthcare Transactions Group initiated the transaction and served as Mergers & Acquisitions Advisor for the Seller, a private, for-profit owner and operator of critical access hospitals.  Terms and other details of the transaction are confidential.

Healthcare Transactions Group conducted a national search of prospective buyers and a competitive selection process.  Healthcare Transactions Group structured the transaction, provided advisory services to the Seller and facilitated the transaction to closing.  The buyer was a growing southeast regional operator of critical access hospitals.

The Centers for Medicare and Medicaid Services (CMS) designates rural hospitals as “Critical Access” if they:

  • Have 25 or fewer acute care beds.
  • Are located more than 35 miles from another hospital
  • Maintain an annual average length of stay of 96 hours or less for acute care patients.
  • Provide 24/7 emergency care services.

Critical Access Hospitals are eligible for cost-based reimbursement from Medicare.

Since 1996, Reisterstown, Maryland-based Healthcare Transactions Group has been a recognized national leader in healthcare mergers & acquisitions, having closed $2 billion in transactions in 34 states.

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