Duke LifePoint and Wilson signed a memorandum of understanding to form a joint venture in July. Since then, forums have been held with Wilson employees, Rick Hudson, president and CEO of Wilson Medical Center, told the Times. Additionally, the Wilson County Board of Commissioners will hold public hearings on the proposed transaction Sept. 9 and Oct. 4.
Wilson and Duke LifePoint would share ownership and governance of the hospital under the terms of the partnership, with Duke LifePoint securing majority ownership interest. Wilson Medical Center, a 294-bed facility, is the only hospital located in Wilson County. Duke LifePoint is a joint venture between Duke University Health System in Durham, N.C., and LifePoint Hospitals in Brentwood.
More Articles on Hospital Partnerships:
7 Recent Hospital Transactions and Partnerships
Scottsdale Healthcare, John C. Lincoln Health Network Approve Affiliation
Duke LifePoint, Wilson Medical Center Seek to Form Joint Venture
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.