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Former St. Agnes hospital is sold

Mercy Health System has sold its 58-bed St. Agnes Long Term Care Hospital to Triumph HealthCare, a Houston-based company that provides long-term acute care (LTAC).

    by Stacey Burling, INQUIRER STAFF WRITER
    Published 

Mercy Health System has sold its 58-bed St. Agnes Long Term Care Hospital to Triumph HealthCare, a Houston-based company that provides long-term acute care (LTAC).

This type of facility is aimed at patients who are well enough to leave a regular hospital but need relatively intensive medical services. The average stay is 25 days.

St. Agnes Long Term Care Hospital is one of several businesses based at the former St. Agnes Medical Center building on South Broad Street in Philadelphia. The hospital and its burn unit closed in 2004.

The LTAC will continue to operate there as a tenant and Triumph plans to expand with a 10-bed licensed intensive-care unit. The price was not disclosed.

The sale is expected to close in mid-December. With this deal, Triumph will have 21 hospitals, including one in Easton.