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Duke LifePoint to takeover PMH | The Money Times

Money Matters - Simplified

Duke LifePoint to takeover PMH

Duke LifePoint Healthcare, is a joint venture of Duke University Health System, Inc. and LifePoint Hospitals, is acquiring Person Memorial Hospital (PMH).

While the terms and conditions have yet not been disclosed, the transaction will be subject to review and approval by the Attorney General of the State of North Carolina and the satisfaction of other customary closing conditions.

Robby Jones, chairman of the PMH Board of Trustees, said, “This acquisition is an exciting development for our employees, physicians, patients and community. As part of the Duke LifePoint system, we will have the ability to recruit new doctors to our facility, enhance the quality care we provide, and strengthen and grow our hospital.

“Duke LifePoint brings a wonderful wealth of clinical and operational resources to Person Memorial. They share our vision for better positioning our hospital to meet the evolving healthcare needs of the surrounding region”.

As per the definitive agreement signed by the both, Duke LifePoint would be acquiring PMH and all of its assets. A commitment has also been made by Duke LifePoint that it will invest $15 million in capital improvements at the hospital in the coming decade.

LifePoint Hospitals, Inc. facilities are located in non-urban areas. It has hospitals in Alabama, Florida, Georgia, Kansas, Tennessee, Kentucky, Louisiana, Utah, and Wyoming.

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