Academic health systems benefitting from for-profit selling spree

Becker's Healthcare December 12, 2024
Andrew Cass

Publicly traded for-profit health systems have sold dozens of hospitals in 2024 and academic health systems are among those acquiring the facilities.

Most recently, Franklin, Tenn.-based Community Health Systems signed a definitive agreement to sell Lake Norman Regional Medical Center in Mooresville, N.C., to Duke University Health System. Durham, N.C.-based Duke plans to acquire the 123-bed hospital and its related assets for about $280 million in a deal that is expected to close in the first quarter of 2025. The acquisition represents a significant expansion of Duke’s clinical services outside the greater Triangle area.

“We recognize the healthcare landscape is changing,” Duke CEO Craig Albanese, MD, said Dec. 11. “While we continue to expand access to care within the...

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