The transfer of ownership was effective June 22. Officials said the facility will be renamed Mary Hill Center of Nelsonville.
Hopewell Health Centers, an integrated healthcare provider in Chillicothe, Ohio, will become equal equity partners and a primary tenant at the facility, along with Integrated Services, according to the report.
Officials said Integrated Services plans “a substantial and immediate investment” into the facility to make the building energy-efficient, among other improvements.
More articles on transactions and valuations:
Analysts: Amazon a viable partner for Rite Aid if Walgreens merger fails
13 recent hospital transactions and partnerships
The 3 most-read transactions and valuations stories this week
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.