As part of the agreement, Novant has pledged more than $200 million to Prince William. The funds will be used to increase the number of private rooms on the Manassas campus, update the critical care unit and develop a cardiac catheterization lab. Additionally, Prince William plans to build a new hospital in Haymarket, Va.
Prince William considered a number of partners for the merger before deciding on Novant.
The merger should be completed by fall 2009.
Read the Novant release on the Prince William/Novant merger.
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.
