The deal, which officials initially approved in August, includes the sale of Highland Hospital, an 80-bed psychiatric facility; Highland Health Center, a 16-bed psychiatric residential treatment facility for children and adolescents; and Process Strategies, an integrated behavioral healthcare and pharmacy services outpatient provider. All the facilities are in Charleston.
As part of the acquisition, all existing programs, staff and leadership at Highland Hospital will remain in place. MBHS will assume all liabilities associated with Highland Hospital’s pension fund and ownership of the hospital’s real estate and leases, according to the report.
The financial terms of the agreement were not disclosed.
More articles on transactions and valuations:
HealthSouth, University Medical Center to build 40-bed Texas hospital through joint venture
10 recent hospital transactions and partnerships
Ochsner to continue management of St. Bernard Parish Hospital
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
