Cape Fear Valley Health had been managing Harnett Health for the last seven years.
Under the deal, Cape Fear Valley Health will assume Harnett Health’s debt and no money will be exchanged.
“This was a natural next step as Cape Fear Valley Health has been able to stabilize Harnett Health’s operation through this relationship over the years including expanding services while streamlining operations and technology,” Harnett Health President Cory Hess said in a March 9 news release. “It would have been nearly impossible to achieve the growth we’ve had without Cape Fear Valley Health.”
More articles on healthcare industry transactions:
Insight Chicago would buy Mercy Hospital for $1, change its name
OSF HealthCare to acquire majority stake in Kindred hospital, rename it
US settles antitrust case against Geisinger, Evangelical
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
