|[August 01, 2014]
WestCare Health System Acquired by Duke LifePoint
SYLVA, N.C. --(Business Wire)--
The WestCare Health System Board of Trustees and Duke LifePoint
Healthcare today announced that the acquisition of WestCare by Duke
LifePoint has been finalized.
Under the terms of the acquisition agreement, which was reviewed by the
Attorney General of North Carolina, Duke LifePoint purchased Harris
Regional Hospital, an 86-bed hospital in Sylva; Swain County Hospital, a
48-bed hospital in Bryson City; and WestCare Medical Park, an outpatient
medical facility in Franklin. Duke LifePoint will invest a minimum of
$43 million in capital improvements over the next eight years and
provide new resources to help the system grow, recruit new physicians,
enhance services and improve health care delivery throughout the region.
"As we have explored this acquisition over the last several months, Duke
LifePoint has shown that it shares WestCare's commitment to our
hospitals, our patients and our communities," said Bunny Johns, Chair of
the WestCare Board of Trustees. "We are excited to begin our future as
part of Duke LifePoint and to explore the great opportunities we have to
enhance health care services to make our communities healthier."
Becoming part of Duke LifePoint offers many benefits to WestCare's
hospitals, medical staff, employees and communities. Proceeds from the
acquisition will retire WestCare's financial obligations and fund a
locally governed charitable foundation to support community needs.
WestCare also becomes a local taxpayer, providing a source of new ax
revenue to support the local economy.
"Harris Regional Hospital and Swain County Hospital have been a critical
part of the health care infrastructure in western North Carolina for
many years," said LifePoint Chairman and Chief Executive Officer William
F. Carpenter III. "We are proud to partner with these hospitals to
strengthen quality care across this region and look forward to working
with their teams to better position the hospitals to grow and prosper in
the changing health care environment."
WestCare's hospitals now have access to Duke University Health System's
top-ranked patient safety, quality and education programs and
LifePoint's financial and operational resources and expertise.
"We are pleased to welcome WestCare to Duke LifePoint," said William J.
Fulkerson Jr., M.D., executive vice president of Duke University Health
System. "Generations of people in this region have relied on WestCare's
hospitals and, together with WestCare's board, executives, medical staff
and employees, we will work together to further enhance health care in
WestCare will be governed by a regional board of trustees comprised of
members of WestCare's communities, local physicians and representatives
from Duke LifePoint.
"WestCare's relationship with Duke LifePoint marks a new beginning for
our hospitals in Sylva and Bryson City and our outpatient center in
Franklin," said Steve Heatherly, CEO of WestCare Health System. "I look
forward to working with Duke LifePoint to strengthen health care in our
community by providing exceptional experiences for patients and families
and growth opportunities for our staff."
About WestCare Health System
WestCare Health System was formed through a partnership of Harris
Regional Hospital and Swain County Hospital in 1997 and serves Jackson,
Swain, Macon and Graham counties with primary and subspecialty care,
outpatient facilities and urgent care.
About Duke LifePoint Healthcare
Duke LifePoint Healthcare, a joint venture of Duke University Health
System, Inc. and LifePoint Hospitals® (NASDAQ: LPNT), was established to
build a dynamic network of hospitals and healthcare providers. The joint
venture, which brings together LifePoint's experience in community-based
hospital management and Duke's world-renowned leadership in clinical
service, is strengthening and improving healthcare delivery by providing
community hospitals the clinical, quality and operational resources they
need to grow and prosper. For additional information, visit www.dukelifepointhealthcare.com.
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