North Carolina’s Beaufort Regional Selects CHS for Affiliation, Rejecting Medical Staff’s Recommendation

The board of commissioners for Beaufort Regional Health System in Washington, N.C., approved an affiliation with Franklin, Tenn.-based Community Health Systems, despite a recommendation from its medical staff to affiliate with Greenville, N.C.-based University Health Systems of Eastern Carolina, according to a Washington Daily News report.

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CHS’s original bid, which has been negotiated since November, included a 30-year lease for a prepaid amount of $30 million with renewals at fair-market value every 10 years. CHS would purchase the “net working capital” of the system, and the bid also included a guarantee of $25 million in capital expenditure from CHS as well a $2 million physician recruitment commitment during the first five years, according to the report.

In October, Beaufort Regional announced it was considering bids from four health systems — Plano, Texas-based LHP Hospital Group; Franklin, Tenn.-based HealthTech Management Services (formerly Brim Healthcare); and Greenville, N.C.-based University Health Systems of Eastern Carolina.

Read the Washington Daily News report on Beaufort Regional Health System.

Read previous coverage on Beaufort Regional Health System:

CHS Rejoins Negotiations for North Carolina’s Beaufort Regional Health System

CHS Withdraws Offer for North Carolina’s Beaufort Regional

Medical Staff at North Carolina’s Beaufort Regional Approves Merger With University Health of Eastern Carolina

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