As part of the agreement, DRH will also invest in the hospital, providing funding for equipment, IT infrastructure and repairs and maintenance of hospital facilities. Current staff members will also transition into DRH employees once the agreement is finalized.
“As we went through the due diligence process with the board and leadership at JCH, we were able to create a win-win for the hospitals and the citizens of Jefferson County,” said Jay Johnson, president and CEO of DRH.
More articles on transactions and valuations:
ECRI creates M&A service to help hospitals, health systems during transition
Florida Hospital, Tampa General partner with Metro Development on ‘Connected City’
Mon Health System, Stonewall Jackson Memorial declare intent to partner
