Under the agreement, which will go into effect Jan. 1, 2018, WVU Hospitals will manage and provide additional services at GRMC.
The two institutions have maintained a clinical affiliation since 2015.
In addition to the management agreement, officials announced Mark Boucot, president and CEO of GRMC, will also serve as administrator of Keyser, W.Va.-based Potomac Valley Hospital.
Mr. Boucot will assume the role in January.
More articles on transactions and valuations:
McLaren Health Care pursues 2nd acquisition in 2 weeks
Quest finalizes acquisition of Cleveland Clinic laboratory
CHS to sell 120-bed Florida hospital to Adventist Health
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