On April 29, 2016, RegionalCare Hospital Partners and Capella Healthcare merged to form RCCH Healthcare Partners. The merger was born out of the similarities between the two preceding organizations. RCCH will feature:
- A focus on providing high-quality, compassionate care
- Service to non-urban communities
- Development of regionally-focused delivery systems
- Ongoing development of strategic alignment with other local and regional partners
- 100% local Boards of Directors for all hospitals
- Decentralized leadership with the company providing resources to empower and equip local leaders to determine the best
- strategies, prioritize goals, and implement plans
Prior to the Merger
RegionalCare was founded in 2009 and at the time of the merger owned and operated eight non-urban hospitals located in seven states: Alabama, Arizona, Connecticut, Iowa, Montana, Ohio, and Texas. On December 8, 2015, RegionalCare – which was previously owned by a Warburg Pincus portfolio company – was acquired by funds affiliated with Apollo Global Management, LLC (NYSE:APO).
Capella Healthcare was founded in 2005. Over the past 11 years the company grew to operate ten acute-care and specialty hospital facilities in five states: Arkansas, Oklahoma, Oregon, South Carolina, and Washington. On September 1, 2015, Capella partnered with Medical Properties Trust, Inc. (“MPT”) (NYSE:MPW) to provide the financial backing for the company. MPT will continue as a valuable partner in select real-estate holdings of RCCH.
To learn more about RCCH HealthCare Partners, visit rcchhealth.com.