Update:
According to an internal memorandum circulated at Clearview Regional Medical Center on Thursday, Feb. 1, the 77-bed hospital has been purchased by Piedmont Healthcare, the transaction to be finalized a minute before noon on March 31, 2018. Matt Gove, chief consumer officer for Piedmont Healthcare, confirmed that the information contained in the internal memorandum was indeed correct, but declined to give any further information at this time.
According to the memorandum, authored by current CRMC CEO Michael Johnson, no immediate changes are anticipated in the day-to-day operations of the hospital at this time, but the teams will be planning to align operation systems in the coming months.
“Piedmont Healthcare is an expanding healthcare system with strong roots in our community. Their mission drives them to be innovative, patient-focused and dedicated to delivery a high-quality patient experience,” Johnson wrote, going on to note that following the closing of the partnership with Columbus Regional (the affiliate holding company), Clearview will become part of Piedmont’s system of 10 hospitals and more than 21 urgent care centers, 28 quick care locations and 527 Piedmont Clinic Practice locations. “Through these combined efforts, the residents of Walton County will have greater access and coordination of care that will positively impact the health and well-being of our community.”
Athens Regional Medical Center, now Piedmont Athens Regional, was acquired by Piedmont Healthcare at the end of 2016.
Initial story
According to the BUSINESS WIRE, Quorum Health Corporation announced on Thursday that its affiliate holding company has signed a definitive agreement to sell Clearview Regional Medical Center in Monroe, along with its associated assets. The 77-bed hospital in Monroe has changed hands more than once since changing its name from Walton Medical Center and moving to the new location in the spring of 2012.
Although there have been rumors for several weeks of a change of ownership at the hospital, officials have been tight lipped about who or when. According to the Business wire, the transaction is expected to close late in the first quarter of 2018 and all net proceeds will be used to pay down the term loan facility. No details on the prospective buyer have been announced at this time.
A spokesperson for Clearview Regional Medical Center in Monroe declined to make any comment at this time.
Quorum Health Corporation, through its subsidiaries, is an operator of general acute care hospitals and outpatient services in the United States. The Company owns, leases or operates 31 affiliated hospitals with a total of about 3,000 licensed beds. Two of those hospitals, Clearview Regional Medical Center and Fannin Regional Hospital in Blue Ridge, are in Georgia.
More details on the services currently offered by Clearview Regional Medical Center can be found in a recent article in Walton Living Magazine.
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