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.
