Currently, UVA owns 49 percent of Culpeper Regional Hospital and has been a part-owner since 2009. The organizations did not specify what UVA’s ownership stake would be, nor were financial terms disclosed.
Culpeper Regional officials said they decided to move forward with the transaction to help the 70-bed hospital better adapt to the evolving healthcare market.
Any deal requires approval from the Culpeper Regional and UVA boards, as well as the office of Virginia’s attorney general.
More Articles on Hospital Transactions:
12 Recent Hospital Transactions and Partnerships
Catholic Health Partners Subsidiary, River Valley Health Partners to Merge
HCA Pulls Out of Lease Bidding for 2 Louisiana Hospitals
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
