Gerald Champion Regional Medical Center Joins CHRISTUS Health
Gerald Champion Regional Medical Center (GCRMC) located in Alamogordo, NM has joined CHRISTUS Health headquartered in Irving, TX. Located in the high desert at the base of the Sacramento Mountains near both the White Sands National Park and Holloman Airforce Base, GCRMC has served the needs of South Central New Mexico since 1949.
GCRMC initiated a process to assess strategic alternatives in early 2022 and selected CHRISTUS as the partner of choice in late 2022. As part of the transaction, CHRISTUS will fund a new local foundation with $240 million, invest $100 million of capital over ten years, grow clinical capabilities, improve quality, build operational resilience, enhance physician recruiting and retention efforts, implement integrated information technology systems, and expand into other markets. With these investments, GCRMC solidifies its role as a leading medical and economic engine of the region.
The Board of GCRMC engaged Juniper Advisory to proactively assess its strategic alternatives and to implement a process to evaluate a range of structural options. Juniper designed and managed a comprehensive market-clearing transaction, drafted information materials, assembled an electronic data room, conducted reverse due diligence, and negotiated the agreement between the parties.
Gerald Champion Regional Medical Center
Founded in 1949, Gerald Champion Regional Medical Center is an independent, non-for-profit, sole community Level III Trauma, 98-bed hospital dedicated to serving South Central New Mexico. Services include 28 clinics of primary and specialty care; 33 different medical/surgical specialties; service lines that include urgent care, wound care, cardiac catheterization lab and interventional radiology. Gerald Champion employs/contracts with approximately 160 providers and 1,000 staff to provide over 30,000 ER visits, 150,000 clinic visits and 4,000 admissions a year.
CHRISTUS Health is a Catholic, not-for-profit system with more than 600 health centers, including community hospitals, urgent care centers, health insurance companies and physician clinics. It is a community of more than 50,000 Associates and over 15,000 physicians providing individualized care with a focus on charitable missions to communities in Texas, Louisiana, New Mexico—including CHRISTUS St. Vincent Regional Medical Center in Santa Fe—Chile, Colombia and Mexico. Sponsored by the Sisters of Charity of the Incarnate Word in Houston and San Antonio and the Sisters of the Holy Family of Nazareth, its mission is to extend the healing ministry of Jesus Christ to every individual it serves.