The Montana-based system acquired the property from the Ted and Georgeanne Watson family for an undisclosed sum.
The hospital will pay for the land over the next five years.
Livingston HealthCare officials said they will seek community input on how the land should be developed. Officials said the land could be used to expand its medical presence or provide much-needed housing in the area to help recruit and retain staff.
“We are so grateful to the Watson family for their continued relationship with us which, in this case, gives us this strategic opportunity to be involved in the planning for Livingston’s growth and development,” Deb Anczak, Livingston HealthCare’s CEO, told the publication.
More articles on healthcare industry transactions:
VillageMD acquires Arizona medical group with nearly 50 providers
FTC shakes up leadership in healthcare merger division
What hospital consolidation will look like in 2020
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
