Now, the nine-hospital system has taken out $80 million in credit to partially fund the purchases, according to a June 23 filing.
The money will fund ambulatory healthcare facilities, the acquisition of the Carl Larson Cancer Center and a 70 percent stake in Charleston Surgical Hospital, among other acquisitions.
Vandalia Health is the product of a merger between Morgantown, W.Va.-based Mon Health System and the Charleston Area Medical Center.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
