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Cannon Memorial Hospital in South Carolina to Join AnMed Health

Cannon Memorial Hospital in Pickens, N.C., will join Anderson, N.C.-based AnMed Health, effective Jan. 1, according to a report from The Greenville News.

Cannon CEO Norman G. Rentz told the News integrating with AnMed will help the 55-bed hospital to better provide quality, innovative and specialized care. The transaction builds on an affiliation the healthcare organizations entered into in 2009 to create economies of scale through group purchasing and physician practice management, according to the report. The hospital's CEO and CFO became AnMed employees under the affiliation agreement.

Cannon will remain its own entity, but it will be governed by a new board composed of current board members and AnMed representatives, according to the report. Financial details of the transaction were not disclosed.

More Articles on Hospital Transactions:
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