Texas Health - WNJ to be sold to Alecto Healthcare Services - KTEN.com - Texoma news, weather and sports

Texas Health - WNJ to be sold to Alecto Healthcare Services

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SHERMAN -- Ownership of one of the largest hospitals in Texoma is about to change hands.

Wilson N. Jones Hospital in Sherman made the announcement Tuesday.

WNJ employs about 1,000 people.

Texas Health Resources and the LHP Hospital Group agreed to invest $25 million in capital improvements when they purchased WNJ in 2010.

In a press release Tuesday, the hospital said it is being bought out by California-based Alecto Healthcare Services.

This year marks the hospital's 100th anniversary.

"They're one of the largest employers in the community, have been here a very long time, provided great service in terms of caring for us individually as well as for the companies in the market," Sherman Economic Development Corporation president Scott Connell said.

According to the press release, Alecto will officially take over on October 31.

It will own and operate the 237-bed acute care hospital which will be renamed Wilson N. Jones Regional Medical Center.

"All indications are that the staffing will stay the same and we're excited about their potential growth to go forward," Connell said.

The acquisition of WNJ will bring the number of hospitals owned or managed by Alecto to four.

Two are in California and according to the company's website, it made a winning bid of $15.3 million for a hospital in West Virginia in June.

Tuesday, a representative for WNJ said no one was available to comment on-camera.

In the press release, hospital CEO Vance Reynolds said, "I am excited to welcome Alecto Healthcare to our community and look forward to the opportunity to grow and prosper WNJ in this challenging healthcare environment while preserving our mission to improve the health of the communities we serve."

So far, our calls to Alecto have not been returned.

KTEN will continue to follow this story.


Email: MYeomans@kten.com

Posted: Oct 14, 2014 10:52 AM CST
SHERMAN -- Alecto Healthcare Services announced Tuesday it has entered into a definitive agreement to acquire Texas Health Presbyterian Hospital-WNJ. Upon closing, which is anticipated to occur on October 31, 2014, Alecto will own and operate the 237-bed hospital, which will be renamed Wilson N. Jones Regional Medical Center. “I am excited to welcome Alecto Healthcare to our community and look forward to the opportunity to grow and prosper WNJ in this challenging healthcare environment while preserving our mission to improve the health of the communities we serve,” says Vance Reynolds, CEO of WNJ.

The acquisition of Texas Health Presbyterian Hospital-WNJ will bring the number of hospitals owned or managed by Alecto to four. Alecto currently manages St. Rose Hospital in Hayward, California, and owns Olympia Medical Center, a 204-bed acute care hospital in Los Angeles, California, as well as Fairmont Medical Center, a 207-bed acute care hospital in Fairmont, West Virginia.

“The key to success at all of our hospitals is open communication with physicians, employees, volunteers, and the community. That is the only way to achieve our goal of improving patient access to quality healthcare and sustaining these community hospitals,” says Lex Reddy, CEO of Alecto Healthcare Services.