County of Santa Clara to Acquire Regional Medical Center from HCA Healthcare
The 258-bed hospital was purchased for $150 million.
The County of Santa Clara and HCA Healthcare have reached a definitive agreement in which the county will purchase Regional Medical Center (RMC) for $150 million. The two parties have signed an Asset Purchase Agreement, whereby RMC is planned to be integrated into the Santa Clara Valley Healthcare (SCVH) system. The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close on April 1, at which point the county expects to assume operations of the hospital.
In August 2024, HCA Healthcare downgraded the level of trauma, comprehensive stroke and certain cardiac services (STEMI) at RMC. The county plans to restore Level II trauma care immediately once it assumes hospital operations, and the county will add STEMI and comprehensive stroke services shortly thereafter. Labor and Delivery services are also expected to be restored at a later date; these services were closed at RMC in 2020.
RMC, a 258-bed hospital, has provided care to East San José for 60 years. HCA Healthcare has made significant investments in the hospital during the last decade to improve access and address the diverse medical needs of the community, including meeting California’s seismic-safety standards.
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