The center, which has been leased to Winston-Salem, N.C.-based Novant since 2021, would see a $50 million investment to transform it into a community hospital. Novant Health, which would invest those funds over a 10-year period, also wants to keep the Pender center as a critical access hospital.
The transaction is expected to close by the end of the year.
In August, Novant Health said it is set to become a 30 percent owner of Conway (S.C.) Medical Center as the two systems formed a strategic partnership.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
