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Central Carolina Hospital and Frye Regional Medical Center Join Duke LifePoint.

M2 EQUITYBITES-January 5, 2016-Central Carolina Hospital and Frye Regional Medical Center Join Duke LifePoint

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5 January 2016 - US-based hospital operator Duke LifePoint Healthcare has grown its presence in North Carolina with the acquisition of Central Carolina Hospital and Frye Regional Medical Center, the company said.

Duke LifePoint Healthcare, a joint venture of Duke University Health System, Inc. and LifePoint Health (NASDAQ: LPNT), was established to build a network of hospitals and healthcare providers.

Central Carolina, a 137-bed hospital based in Sanford, and Frye Regional, a 355-bed hospital in Hickory, were previously owned by Tenet Healthcare Corp.

The acquisition also included 19 regional physician practices.

As part of the acquisition, Duke LifePoint has hired all eligible Central Carolina and Frye Regional employees.

It is maintaining all services provided by the hospitals. With a continued commitment to high-quality, patient-centered care, Duke LifePoint is focused on strengthening Central Carolina and Frye Regional and ensuring that the hospitals have the resources, including medical staff, technology and equipment, to meet the changing needs of their communities into the future.

Terms of the sale are not disclosed.

Duke LifePoint has a network of hospitals and services designed to strengthen and improve healthcare delivery.

With the addition of Central Carolina and Frye Regional, the organisation now operates 14 hospitals in North Carolina, Virginia, Pennsylvania and Michigan.

Duke LifePoint also owns DLP Cardiac Partners in Charlotte, NC, which offers hospital-based catheterisation labs and mobile catheterization services.

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Publication:M2 EquityBites (EQB)
Geographic Code:1U5NC
Date:Jan 5, 2016
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