Cardiovascular Care Group Acquires Louisiana Medical Center and Heart Hospital

Cardiovascular Care Group today announced that it has finalized the acquisition of Louisiana Medical Center and Heart Hospital from MedCath Corporation (NASDAQ: MDTH). The acquisition is the first in CCG's effort to create a national network of innovative and comprehensive cardiovascular care delivery systems.

CCG has committed to making significant capital investments to upgrade the hospital's clinical and information technology systems as it works toward creating a Cardiovascular Center of Excellence. Financial terms of the deal were not disclosed.