Our Lady of Lourdes Regional Medical Center signs letter of intent to purchase Women’s & Children’s Hospital

06/28/2018

Our Lady of Lourdes Regional Medical Center has entered into a non-binding letter of intent to purchase Women’s & Children’s Hospital from HCA Healthcare.

Our Lady of Lourdes Regional Medical Center has entered into a non-binding letter of intent to purchase Women’s & Children’s Hospital from HCA Healthcare. Over the next 90-120 days, both organizations will continue the due diligence process towards an official announcement of a final sale agreement.  

Lourdes sought talks with Women’s & Children’s Hospital to create a comprehensive system of care for families in Acadiana, giving patients access to the compassionate, expert pediatric and women’s services provided by Women’s & Children’s with the world-class, adult acute-care services provided by Our Lady of Lourdes in a single health network. The combined organizations would comprise the Acadiana market ministry for Franciscan Missionaries of Our Lady Health System, Louisiana’s largest Catholic not-for-profit healthcare organization.

“This is an extremely meaningful opportunity to reunite our Catholic healthcare ministry with obstetric and pediatric-focused services and have an even greater impact on families in this region,” said Bryan Lee, Our Lady of Lourdes’ chief executive officer. “We look forward to a successful expansion of care in this community, working alongside the medical staff and nearly 800 team members at Women’s & Children’s Hospital.”

“Women’s & Children’s and Lourdes have had a long, collegial relationship,” said Leona Boullion, Women’s & Children’s Hospital’s interim chief executive officer. This is a natural fit of two closely aligned organizations that will better serve the healthcare needs of the entire family.”  

In addition to Women’s and Children’s Hospital, the sale would include Elaine M. Junca Woman’s Imaging Centre, Lafayette Surgicare, The Cancer & Infusion Center, Kid’s Specialty Center and several physician practices and clinics. Both hospitals will continue operations without interruption throughout the sale process. There are no plans to eliminate jobs as a result of the sale.

Subject to the parties’ negotiation of a definitive agreement and applicable regulatory and governance approvals, the sale is expected to close this year.

                                           

###

 

Our Lady of Lourdes Regional Medical Center:

Founded by the Franciscan Missionaries of Our Lady in 1949, Our Lady of Lourdes (LourdesRMC.com) is a regional acute care medical center focused on the healing ministry of Jesus Christ. The hospital employs more than 1,800 people and offers a physician staff of over 400 doctors in a variety of medical and surgical specialties. As a local healthcare leader, Lourdes provides a wide-ranging network of facilities and services including Centers of Excellence in the areas of Orthopedics, Stroke and a Robotics Surgery Program.  The hospital is home to the only burn unit in Southwest Louisiana and a Commission on Cancer accredited oncology program.

 

Women’s & Children’s Hospital:

Founded in 1983, Women’s & Children’s Hospital continues its tradition of providing specialized healthcare services for women and children. Women’s & Children’s Hospital is one of the largest birthing hospitals in the state with an array of women’s services including the Cancer & Infusion Center, robotic surgery, 3D mammography, breast-dedicated MRI, fertility, lactation support and urogynecology. The facility includes the kids E.R. – a pediatric emergency department staffed 24/7 by board-certified pediatricians, Acadiana’s only Level III Surgical Neonatal Intensive Care Unit, the region’s only Pediatric Intensive Care Unit, a women and children-dedicated sleep center and various pediatric subspecialties. Learn more at Womens-Childrens.com.

About Our Lady of the Lake

Our Lady of the Lake is a not-for-profit 800-bed medical center in Baton Rouge, Louisiana with more than 7,100 employees committed to building a healthy community through excellence in patient care and education. With a Regional Medical Center, dedicated Children’s Hospital, two freestanding emergency rooms, and a 450-provider Physician Group, Our Lady of the Lake provides comprehensive healthcare services for common to complex conditions. Our Lady of the Lake is a primary teaching site for graduate medical education programs and is recognized in the areas of heart and vascular, trauma and emergency care, stroke, cancer care, minimally-invasive procedures and more. In 2016, Our Lady of the Lake was one of three hospitals recognized by the American Hospital Association with the Quest for Quality Prize award.

About Our Lady of the Lake Children’s Hospital

Our Lady of the Lake Children’s Hospital is Louisiana’s fastest growing children’s hospital treating more than 100,000 patients annually from across Louisiana, Mississippi and Texas. The hospital is the only healthcare provider in the Baton Rouge area that provides a full range of pediatric services ranging from a 24/7 pediatric emergency room to a team of more than 100 pediatricians and pediatric specialists. For more information, visit www.ololchildrens.org.

The new freestanding Our Lady of the Lake Children’s Hospital is currently under construction and is set to open in 2019. To learn more about the project, visit www.letsbuildamazing.com.

About Our Lady of the Lake Children’s Health

Our Lady of the Lake Children’s Health is a collaborative, coordinated and child-focused statewide health network that provides patients with more access to physicians and providers specifically trained to care for children. The network includes hospital-based services at the main campus in Baton Rouge and the future freestanding hospital, as well as in Monroe with St. Francis Pediatrics. It also connects pediatricians, pediatric specialists and other health providers across our state with clinics in the Baton Rouge region, Hammond, Lafayette and Monroe. This model of coordinated pediatric healthcare extends the vital work happening at Our Lady of the Lake Children’s Hospital into more communities across Louisiana so families have greater access to expertise close to home.

About the Franciscan Missionaries of Our Lady Health System

The Franciscan Missionaries of Our Lady Health System is one the largest healthcare systems in Louisiana and is the leading healthcare provider for more than half the state’s population. The health system is a non-profit, Catholic organization sponsored by the Franciscan Missionaries of Our Lady. Headquartered in Baton Rouge, Louisiana, we serve patients statewide through a network of hospitals, clinics, physicians, elderly housing and integrated systems. Our five hospitals include St. Francis Medical Center in Monroe, Our Lady of the Lake Regional Medical Center in Baton Rouge, Our Lady of Lourdes Regional Medical Center in Lafayette, St. Elizabeth Hospital in Gonzales and Our Lady of the Angels in Bogalusa. For more information, visit www.fmolhs.org.

About Our Lady of the Lake Physician Group

With more than 450 healthcare providers throughout more than 70 locations, Our Lady of the Lake Physician Group is one of the area’s largest physician networks. In addition to primary care, this experienced group of doctors specializes in diagnosis and treatment of a broad range of illnesses and complex medical problems.

About St. Elizabeth Physicians

St. Elizabeth Physicians is the largest provider of primary and specialty care in Ascension Parish, employing over 50 primary care physicians, specialists and providers. St. Elizabeth Physicians has been recognized for quality by the Louisiana Quality Foundation, and as the Large Business of the Year twice by the Ascension Chamber of Commerce. For more information, visit the St. Elizabeth Hospital website.

About St. Francis Medical Center

From a modest beginning in July 1913 as a three-story red brick building with 75 patient beds, St. Francis Medical Center has grown to become Northeast Louisiana’s largest healthcare provider and one of the largest employers in Ouachita Parish. Today, St. Francis Medical Center is licensed for 367 beds, employs over 1,700 team members and partners with over 300 medical staff members. Our mission of extending the healing ministry of Jesus Christ to those most in need reaches out to 17 parishes in Louisiana and three counties in Arkansas, an area with a population exceeding 515,000 people. St. Francis Medical Center is part of the Franciscan Missionaries of Our Lady Health System. For more information, visit the St. Francis Medical Center website.

About St. Francis Medical Group

With over 50 healthcare providers at 16 clinic locations, St. Francis Medical Group is one of the area’s largest physician networks and is backed by the resources of St. Francis Medical Center. In addition to primary care, this experienced group of providers specializes in diagnosis and treatment of a broad range of illnesses and complex medical problems. For more information visit the St. Francis Medical Center website.