December 6, 2013 – Halifax Regional Medical Center and Novant Health announced today that they intend to merge after a formal process led by the Halifax Regional Board to select a strategic partner. Following a one-year management agreement during which due diligence will be completed, Halifax Regional Medical Center intends to merge with Novant Health.
Novant Health and Halifax Regional Medical Center will work together to make healthcare more affordable and improve patient outcomes in the community.
“Novant Health is committed to developing relationships with strategic partners to strengthen healthcare services and make healthcare services affordable for all,” said Carl S. Armato, president and CEO of Novant Health. “Halifax Regional Medical Center’s mission to provide excellent and compassionate healthcare aligns with the guiding principles at Novant Health. We are excited about working closer with Halifax Regional to improve affordability and make healthcare remarkable for the residents in the communities we serve.”
“Earlier this year, Halifax Regional set out on a journey to find a partner who is a leader in healthcare while we position to move into the future during this dynamic time. We are very pleased to work with Novant Health because of their previous work with other community hospitals and their desire to help keep care local for patients,” said Board Chairman Bob Patterson. “We look forward to a partnership with an innovative system that understands our needs as a community hospital in North Carolina and supports our not for profit mission. We expect the merger will bring an additional capital investment of $35 million over five years.”
“The Halifax Regional board has pursued a strategic partner in a thoughtful and deliberate way,” said Mark Billings, president of Novant Health Shared Services. “We look forward to collaborating with the Halifax Regional leadership team to bring improved access to affordable quality healthcare to the residents in and around Halifax and Northampton Counties.”
The management agreement is expected to begin in March 2014.
About Halifax Regional
Halifax Regional is fully accredited by the Joint Commission on Accreditation of Healthcare organizations. The Medical Center is licensed for 204 beds, including psychiatric and nursery. They offer an array of medical and surgical services, including 24-hour emergency care, backed by the latest technology. The staff and physicians strive to create a compassionate environment where our approximately 800 employees can deliver the best care every hour of every day. The staff of more than 60 physicians represents most medical specialties.
SOURCE: Novant Health