In September, the hospitals and Dobbs Equity Partners made a deal in which the firm would acquire both hospitals, which would merge to create a regional health system. The organizations also planned a new hospital and two ambulatory care centers as part of the agreement.
However, Dobbs Equity Partners did not close the deal to build a new regional facility by deadline. The company’s vice president said the firm was not ready to sign because certain terms were not met, according to the report. While he said the firm will move forward with the acquisition, it may not build a new hospital; he said a new facility is less of a priority than recruiting new physicians to the community, according to the report.
In addition, after 60 days the private equity firm shut down an urgent care facility it operated at the former Bamberg Hospital due to low volume. Bamberg Hospital closed in May due to decreasing volume and financial losses.
More Articles on Bamberg and Barnwell County Hospitals:
Bamberg County Hospital Closes, Opens Urgent-Care Clinic in its Place
Bamberg County Hospital in South Carolina to Cease Inpatient Services
South Carolina’s Bamberg, Barnwell Counties Approve Development of Regional Health System
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
