Plano Company Inks Five-year Deal to Manage Struggling North Texas Hospital

Plano-based Community Hospital Consulting has finalized a five-year management agreement to try to right the ship at Gainesville-based North Texas Medical Center, the company said this week. The group, which is the management and consulting arm of Community Hospital Corporation, will take over operations on May 1. The agreement follows news in January that a previous hospital management company was dropping out of its agreement. That company, Pennsylvania-based Universal Health System, took the reigns after NTMC filed for bankruptcy in Dec. 2016. The Gainesville Hospital District Board of Directors voted unanimously in favor of the agreement with CHC Consulting. A… Full Story

Struggling Gainesville Hospital Selects Plano Management Company

The North Texas Medical Center in Gainesville will come under the management of Plano-based Community Hospital Corp. in May, NTMC board members voted last week, according to KXII-TV. In December 2016, NTMC said it was filing for Chapter 9 bankruptcy and taking on new management by Pennsylvania-based Universal Health Systems. Under the agreement, UHS was to take over operations and lease five buildings on NTMC’s campus. NTMC announced that UHS would discontinue the agreement in late January. NTMC reported losing more than $650,000 a month prior to the announcement, according to KXII. NTMC and Community Hospital Corp. landed on a… Full Story