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Agreement Signed to Sell Lake Area Medical Center to CHRISTUS Health Agreement Signed to Sell Lake Area Medical Center to CHRISTUS Health May 2, 2017

LAKE CHARLES, La., May 1, 2017 – Lake Area Medical Center announced today it will soon become affiliated with CHRISTUS Health through an acquisition agreement that includes the sale of the hospital and its associated assets. CHRISTUS Health also operates CHRISTUS St. Patrick Health System in Lake Charles.

“Our mission for the last 150 years has been to extend the healing ministry of Jesus Christ, and with the announcement of this agreement, we are continuing to build upon and strengthen our mission for years to come,” said Ernie Sadau, president and chief executive officer for CHRISTUS Health. “CHRISTUS is committed to ensuring Lake Charles residents continue to have access to compassionate care of the highest quality. This agreement will ensure the continued availability of high quality care close to home.”

“Lake Area Medical Center will continue to play an important role in providing quality health care for Lake Charles,” said Bryan Bateman, chief executive officer of Lake Area Medical Center. “Affiliating with CHRISTUS Health will enhance the health services and resources our organizations offer our community.”

The purchase agreement includes a commitment from CHRISTUS Health to offer employment to active employees in good standing when the transaction is complete. Privileges will continue for all physicians in good standing on the medical staff.

“As one organization, the talented physicians and Associates of Lake Area Medical Center and CHRISTUS St. Patrick will work together as the region’s premier healthcare provider,” said Stephen Wright, senior vice president of Group Operations for CHRISTUS Health in Louisiana. “We look forward to continuing to serve southwest Louisiana for many years to come.”

The transaction is expected to close in the second quarter of this year, subject to customary regulatory approvals and closing conditions. Until the transaction is complete, current ownership remains in place.

About Lake Area Medical Center

Lake Area Medical Center (LAMC) is a full-service acute care hospital located at 4200 Nelson Road in Lake Charles, Louisiana. Lake Area Medical Center is the area’s preferred leader for Women’s Services and offers inpatient, outpatient, medical and surgical care for men, women and children. LAMC is an accredited Bariatric Surgery Center and is equipped with a 24-hour physician-staffed Emergency Department and a Level 3 Neonatal ICU.