WellStar, which acquired Atlanta Medical Center’s two campuses in 2016, said that it invested $126 million to upgrade the facilities, but that aging infrastructure is still a problem.
“A long-term, sustainable solution will require a substantial, additional investment that we, as a not-for-profit, cannot fund alone while maintaining access to care for everyone we serve,” Kem Mullins, a WellStar executive vice president, told the publication.
WellStar said it will be inviting select organizations that meet its partnership criteria to submit proposals.
Experts said the proposals could involve a sale or striking a joint venture agreement.
More articles on healthcare industry transactions:
Private equity’s takeover of physician practices has more than doubled, study finds
U of Toledo considers selling its medical center
New Jersey health systems enter clinical affiliation
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