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Appalachian Regional Healthcare Reapplies to Buy Williamson Memorial

Lexington, Ky.-based Appalachian Regional Healthcare has resubmitted a certificate of need application to acquire Williamson (W.Va.) Memorial Hospital, according to a Gilbert Times report.

ARH initially agreed to buy 76-bed Williamson Memorial from for-profit, Naples, Fla.-based Health Management Associates in October for about $15 million. In November, ARH officials said they planned on closing Williamson Memorial once the acquisition was complete, which they expected to occur last month.

However, ARH withdrew the initial CON application to allow extra time for a company to transform Williamson Memorial from an acute-care hospital into a behavioral health facility, according to the report. In addition, ARH has now been working to close the deal with Franklin, Tenn.-based Community Health Systems, which acquired Health Management earlier this year. A new purchase price has been set at $8 million.

Williamson Memorial sits near the Kentucky-West Virginia border and is only two miles from ARH's Williamson ARH Hospital in South Williamson, Ky. ARH Community CEO Tim Hatfield said the transaction will eliminate duplicated services in the area and add a much-needed behavioral health service line.

More Articles on Hospital Transactions:
Healthcare Company Buys, Reopens Lower Oconee Community Hospital
HCA Completes Acquisition of Grandview Medical Center
ThedaCare Strikes Another Affiliation

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