EAST TEXAS HOSPITAL MERGER - The Good Shepherd Hospital System in Longview, Texas announced recently that it has signed a letter of intent to merge with Christus Health, an international, Catholic basied / not-for-profit health corporation based in Irving, Texas. Good Shepherd has two hosptials, one in Longview and the other in Marshall, Texas. The hospitals have been operating in a negative-revenue situation for the past several years, Christus Health will assume approximately $150 million in debt.
Steve Altmiller, CEO Good Shepherd Health System
Credit Courtesy: Good Shepherd Health System