Irving, Calif.-based Alecto Healthcare, which owned Fairmont Regional, said in late February that it would close the West Virginia hospital within 60 days because it was unable to find a buyer.
But Albert Wright Jr., CEO and president of WVU Medicine, said in March he had worked out a deal with the governor to keep portions of Fairmont Regional open while WVU Medicine builds a 100-bed hospital in Fairmont.
WVU Medicine said the project to convert Fairmont Regional into a small hospital operated by the academic health system should cost about $10 million.
Mr. Wright told the newspaper the COVID-19 pandemic caused a slowdown in reopening portions of Fairmont Regional, but it is back on track.
“We wanted to get this [project] back on the front burner,” Mr. Wright told WVNews. “We were able to negotiate our lease for the building, and I think we’ll have it in place to reopen the emergency department and about 10 beds on about June 30.”
More articles on capital:
UCSF’s plan for 1.5M-square-foot hospital criticized by local residents
Summa Health plans $100M in new construction
UPMC to build tech operations center in Ireland to support international expansion
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit