Novant Health to close North Carolina hospital

Winston-Salem, N.C.-based Novant Health is closing Franklin Medical Center in Louisburg, N.C., on Oct. 16, according to a Triad Business Journal report.

Although the hospital isn't closing its doors until next week, Oct. 7 is the last day the hospital will accept new admissions.

Novant decided to close the hospital due to declining patient volumes over the last several years. The system attempted to find a buyer for FMC, but failed to do so.

"This is a decision that we don't take lightly," Patrick Easterling, a senior vice president with Novant, told the Triad Business Journal. "It's not a decision we reached quickly."

The hospital's employees — 113 full-time and 16 part-time — will lose their jobs when the hospital closes. They will receive a minimum of 60 days of pay and benefits, according to the report.

More articles on healthcare finance:

Back from the brink of closure: How a California hospital rebounded after 3 years of losses
The best- and worst-performing CFO leadership styles
1 year post closure: How an Ohio town is managing after losing its hospital

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