Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

3 potential operators being considered for Yadkin Valley Community Hospital

Three possible entities could take over the current operating license for Yadkinville, N.C.-based Yadkin Valley Community Hospital, according to a Time Warner Cable News report.

Plano, Texas-based Community Hospital Corporation, Elkin, N.C.-based Hugh Chatham Memorial Hospital, and Winston-Salem, N.C.-based Wake Forest Baptist Medical Center have all submitted proposals to run the facility, which is owned by Yadkin County.

County officials expect to approve a contract with one of the three candidates by April 20. That is 10 days before the expiration of the contract between the hospital and Kansas City, Mo.-based HMC/CAH Consolidated, which currently runs the facility, according to the report.

But until then, the future is uncertain for about 150 workers, as there is no guarantee that that a new company will keep all the current employees, the report reads.

The county anticipates that a new company will be in place May 1.

 

More articles on hospital transactions and valuation issues:

John Hopkins Medicine, Chinese diagnostic company partner

Woman's Hospital, Mary Bird Perkins-Our Lady of the Lake Cancer Center team up for women's cancer care

Hospitals, ASCs take note: 7 essential lessons from real hospital-physician ASC partnerships

 

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 
>