The decision finalizes a non-binding letter of intent between the two organizations as well as the onset of an exclusive negotiation period.
“Piedmont demonstrated to us that they have a culture and history of putting people first,” said Charles Peck, MD, president and CEO of Athens Regional. “Just like at Athens Regional, Piedmont places the patient at the center of everything they do.”
Earlier this year, Piedmont added Covington, Ga.-based Newton Medical Center as the sixth hospital in its system.
More articles on hospital transaction and valuation issues:
Good, bad or too tough to say? What 4 health system CEOs think of hospital consolidation
Connecticut unions urge for more state scrutiny of Yale, L+M Hospital deal
2015 healthcare deal volume slows as end of year nears
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.