PLANO, KILLEEN and TEMPLE, Texas– June 20, 2010 – LHP Hospital Group, Inc. has announced that it plans to build a new hospital in the Killeen-Harker Heights area. Dan Moen, LHP CEO, commented, "We are very excited about the growth opportunity in this area and honored to have the support of an outstanding group of local physicians in Killeen and Temple. Our philosophy is that while LHP may own the bricks and mortar, our hospitals belong to the communities we serve. In keeping with that philosophy, local physicians will comprise at least 50% of the hospital board of trustees with the remainder of the trustees coming from local community leaders. We will work closely with the existing physicians in the community to recruit the additional physicians needed to provide quality care in the fast growing market. "
Tom Frazier, LHP Executive Vice President and project team leader, said, "The new hospital will have 75 all private rooms with spacious areas for outpatient services and will utilize state of the art construction and equipment. Our immediate task will be to determine the location for the new facility. We have identified several possible sites in the Killeen and Harker Heights area. Once the site is finalized and planning is complete, we intend to begin work in the fourth quarter of 2010. The planned opening is second quarter of 2012. A new medical office building will also be constructed."
Charles Day, MD, President of the Killeen Investment Partners (KIP), stated, "We are very pleased to be associated with a group such as LHP. Our group has been very impressed with LHP’s culture of collaboration and their history of working with and valuing physicians and their input. KIP physicians have expressed overwhelming support for this project which will establish of a new hospital. Together we can ensure that our patients and their families continue to receive the quality care they deserve.’’
Jeffery Kroll, MD, President of King’s Daughter Clinic, stated, "The physicians and staff of King’s Daughter Clinic are very excited about the association with LHP as we move forward to bring another option for health care to Central Texas. As we will continue to offer personalized health care of the highest quality, we look forward to the future with LHP and the independent physicians in the Killeen area as another option for the people of this community."
Joan Howell, Chairperson of the Citizens Against the Health Care Monopoly added, "The 5000+ members of our group are delighted that LHP and the local independent physicians in Temple and Killeen are building a new hospital which will bring choice to the market. It’s the right thing to do. LHP has an excellent track record of community involvement and support in its hospitals."
The new hospital, which will have a full array of inpatient and outpatient services, is expected to open during the second quarter of 2012. Services will include:
· Emergency Services
· Family Medicine
· Internal Medicine
· Obstetrics and Gynecology
· Plastic Surgery
About LHP Hospital Group, Inc.
LHP Hospital Group, Inc. (LHP) is a privately held company established to provide essential capital and expertise to not-for-profit hospitals and hospital systems. In cooperation with local hospitals, LHP forms joint ventures to acquire, own, operate and manage acute care facilities in small cities and select urban markets throughout the United States. Headquartered in Plano, Texas, LHP is owned by affiliates of private equity firm CCMP Capital Advisors, LLC and the CPP Investment Board as well as members of management and the board of directors. For more information, please go to www.lhphospitalgroup.com.