Pending regulatory approvals, the 97-bed Newton Medical Center is expected to become a subsidiary of Piedmont October 1 and be renamed Piedmont Newton Hospital.
“Because of Piedmont’s reputation, we have been anticipating this affiliation for months,” Newton CEO James Weadick said in a statement. “Their manner of placing safe patient care, concern for their personnel and caring for the community where they serve is compatible with ours. The high quality of specialists and services they provide is a great opportunity for our community. We’re excited about what this means for our employees and patients.”
More articles on transactions and valuation:
Jefferson Hospital, UPMC end joint venture: 3 things to know
CVS to buy Omnicare in $12.7B deal: 3 things to know
Mercy Medical Center-Des Moines to acquire Skiff Medical Center: 3 things to know
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.