Updated at 12:51 p.m., Monday, January 15, 2007
St. Francis sold; new name is Hawaii Medical Center
Advertiser Staff
The new owner of the St. Francis Healthcare Systems is planning upgrades for its two hospitals as well as name changes.The money-losing health care system was sold to Hawaii Medical Center LLC, a company made up of physicians and Wichita, Kansas-based Cardiovascular Hospitals of America LLC in a transaction that closed Sunday. The new owners are renaming St. Francis' 240-bed Liliha facility Hawaii Medical Center East and its 102-bed 'Ewa facility as Hawaii Medical Center West.
The new owners said the medical centers are the first physician-owned and for-profit hospitals in the state.
Hawaii Medical Center said it plans to upgrade staffing and equipment at the hospitals while renovating both during the next five years.
