Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

Lenoir Memorial Hospital announces plans to partner with Novant Health

Lenoir Memorial Hospital, a community hospital in Kinston, N.C., plans to partner with Winston-Salem, N.C.-based Novant Health, according to a Triad Business Journal report.

Under the partnership, Novant Health will provide nonmedical administrative and management services at 261-bed Lenoir Memorial, according to the report.

The agreement has yet to be finalized. However, Lenoir Memorial's board, which has been searching for a strategic partner for about a year, hopes that a management agreement will be in place this spring, according to the report.

Lenoir Memorial President and CEO Gary Black, who will keep his position while becoming a Novant employee, told the Triad Business Journal that a new chapter for the hospital is beginning and involves preserving a "legacy of local healthcare for future generations."

Patrick Easterling, president of Novant Health Shared Services, told the Triad Business Journal, "We believe our culture, values and missions are well-aligned with Lenoir Memorial and that this partnership will position us both for continued success." 

More articles on transactions and valuation issues:

Judge rejects Partners' deal
Abington Health, Jefferson University Hospitals sign definitive agreement to merge
Banner, University of Arizona Health Network merger gets the go-ahead

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars