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CHICAGO, Oct. 10 /PRNewswire-FirstCall/ -- Ziegler announced today that their client, Critical Access HealthCare LLC (CAH), has acquired Golden Plains Community Hospital, a 25-bed critical access hospital in Borger, Texas. Ziegler Healthcare Consulting was instrumental in assisting CAH throughout the acquisition process.

Under the terms of the Sept. 30 agreement, CAH will acquire all of the assets of Golden Plains Community Hospital -- except for the existing hospital building -- from the district. CAH will operate the existing facility under a lease agreement with the county hospital district until a new hospital is built. Ground breaking is tentatively scheduled for spring of 2008, with construction estimated to take 12 to 18 months.

"This transaction combines the deep financial and industry knowledge of Ziegler, the nation's oldest healthcare investment bank, with the hospital operations expertise of Charlie Slaton, CAH's founder and chief executive officer, who has an impressive 20-year record of successfully operating hospitals," said Greg Johnson, Director of Ziegler Healthcare Consulting. read more