HCA Healthcare Completes Acquisition of the College of Health Care Professions
HCA Healthcare Completes Acquisition of the College of Health Care Professions
HCA Healthcare closes its acquisition of CHCP, expanding its healthcare education platform and allied health workforce pipeline across Texas and online.
NASHVILLE, Tenn.--(BUSINESS WIRE)--
HCA Healthcare, Inc. (NYSE:HCA), one of the nation’s leading healthcare providers, today announced that it has completed the previously announced acquisition of The College of Health Care Professions (CHCP).
As communities grow and healthcare needs continue to evolve, developing the next generation of caregivers is essential to helping ensure patients have access to the skilled healthcare professionals they need. The acquisition of CHCP builds on HCA Healthcare’s longstanding commitment to healthcare education and the creation of additional pathways for students to pursue careers in allied health and serve patients in their communities. HCA Healthcare currently supports the education and development of nurses through Galen College of Nursing, Research College of Nursing and Mercy School of Nursing. Additionally, HCA Healthcare is a national leader and sponsor of Graduate Medical Education, with more than 365 programs across 87 hospitals.
“CHCP has a strong track record of preparing students for meaningful careers in healthcare, and we are pleased to welcome the college to HCA Healthcare,” said Sam Hazen, CEO of HCA Healthcare. “Our ability to care for patients requires having skilled, compassionate healthcare professionals in the communities we serve. Together with CHCP, we will work to create more opportunities for people to pursue careers in healthcare while helping strengthen the workforce of caregivers our communities will depend on for years to come.”
CHCP currently serves more than 8,000 students at 10 campuses across Texas and through online programs.The college offers more than 20 accredited healthcare programs designed to prepare students for careers across a range of allied health disciplines and has helped prepare more than 52,000 students for healthcare careers since its founding in 1988.
The acquisition builds on decades of collaboration between HCA Healthcare and CHCP through program advisory boards, clinical sites and career placement. As part of HCA Healthcare, CHCP will continue its focus on student success, academic quality and workforce readiness while preserving its mission, programs and focus on adult learners. Students will also now have access to expanded opportunities through alignment with a national healthcare organization deeply invested in education and workforce development. Eric Bing will continue to lead CHCP as Chancellor and CEO.
“We are thrilled to join an organization that shares our commitment to students and high-quality care,” said Eric Bing, Chancellor and CEO of CHCP. “This is an important milestone for CHCP that is aimed at expanding opportunities for our students and strengthening how we prepare them to make a difference in the lives of patients.”
About HCA Healthcare
Nashville-based HCA Healthcare is one of the nation’s leading providers of healthcare services comprising 190 hospitals and approximately 2,600 ambulatory sites of care, including surgery centers, freestanding ERs, urgent care centers, and physician clinics, in 19 states and the United Kingdom. With its founding in 1968, HCA Healthcare created a new model for hospital care in the United States, using combined resources to strengthen hospitals, deliver patient-focused care and improve the practice of medicine. HCA Healthcare has conducted a number of clinical studies, including one that demonstrated that full-term delivery is healthier than early elective delivery of babies and another that identified a clinical protocol that can reduce bloodstream infections in ICU patients by 44%. HCA Healthcare is a learning health system that uses its approximately 47 million annual patient encounters to advance science, improve patient care and save lives.
About The College of Health Care Professions (CHCP)
As a leader in healthcare education and training, CHCP helps students develop the skills they need to meet the demands of today's healthcare industry. Founded by physicians, CHCP is focused on healthcare education and training and its accredited programs have been developing healthcare professionals for over 35 years. CHCP faculty have real-world, on-the-job experience and are committed to helping students succeed. Just as importantly, CHCP's on-campus, blended, online and hybrid program offerings give students flexible options to learn on their schedule. CHCP offers continuing education nationwide for medical imaging and emerging healthcare technologies through the Medical Technology Management Institute (MTMI).
All references to “Company,” “HCA” and “HCA Healthcare” as used throughout this document refer to HCA Healthcare, Inc. and its affiliates.
Postgraduate clinical training for physicians, commonly called residency and fellowship, where medical school graduates practice under supervision to gain the skills and board certification needed to work independently. It matters to investors because GME shapes the supply and specialization of doctors, influences hospital and university staffing costs and revenues, and is tied to government funding, accreditation rules and workforce trends that can affect healthcare providers, insurers and medical education-related businesses—like an apprenticeship that determines future labor supply and institutional expenses.
clinical protocolmedical
A clinical protocol is a detailed plan that describes how a medical study or clinical trial will be carried out, including objectives, participant eligibility, treatments or procedures, schedules, measurements, safety monitoring, and data collection methods. It matters to investors because the protocol determines how reliable the trial results will be, how long the study may take, and what safety or efficacy evidence regulators will accept—similar to a recipe that ensures all cooks follow the same steps so the outcome is meaningful and reproducible.
allied healthmedical
Allied health describes the wide group of health-care professionals who provide diagnostic, technical, therapeutic and support services distinct from physicians and nurses—for example, therapists, laboratory technologists, radiographers, dietitians and clinical technicians. It matters to investors because allied-health services and staff drive demand for medical equipment, facilities, software and billing flows, and their supply, regulation and reimbursement affect revenue, costs and operational risk for health-sector companies.
ambulatorymedical
Refers to patients who are able to walk and are not confined to a hospital bed, or more broadly to care given on an outpatient basis rather than during an inpatient hospital stay. For investors, the term signals where a treatment, device, or service is used and paid for — for example in clinics, doctors’ offices, or ambulatory surgery centers — which affects costs, reimbursement pathways, and potential market size, much like selling a product for home use versus requiring a specialty facility.