Frey Medical Management, a rural hospital transformation company, is the new owner of Luverne, Ala.-based Crenshaw Community Hospital, according to a Jan. 31 post on the hospital’s Facebook page.
The 25-bed hospital comprises inpatient, outpatient, medical and surgical care and swing-bed rehabilitation, according to its website. It is also a fully licensed and accredited behavioral health unit that offers acute psychiatric services to people ages 19 to 65.
“We’re proud of the direction we’re heading and thankful for the continued trust and support of our community as we work to expand services, improve access to care and keep healthcare close to home,” the post said.
During a Jan. 29 meet-and-greet in Greenville, Ala., Michael Frey, CEO of Frey Medical, assured the community that the company’s mission to acquire hospitals is “not a money grab” and that the hospital will remain a nonprofit facility.
“I am going to be out in front of everything that has to do with this hospital,” Mr. Frey said. “My teams will be out in front of it. We are going to lead the charge to make sure that we are heard. We are going to make sure that insurance companies are paying us exactly what we deserve to be paid.”
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