DOTmed August 21, 2024
Gus Iversen

Iredell Health System has announced its intent to acquire Davis Regional Psychiatric Hospital from subsidiaries of Community Health Systems. The agreement, effective as of August 16, is subject to regulatory approvals and is expected to be finalized this fall.

Davis Regional Psychiatric Hospital has a long history in Statesville, beginning in 1920 as a clinic founded by Dr. James Davis. The facility has undergone several ownership changes over the years, and transitioned from an acute care hospital to a behavioral health facility in 2022 to address the growing demand for mental health services.

John Green, president and CEO of Iredell Health System, expressed enthusiasm for the acquisition, stating, “We are excited to bring these two Statesville traditions together as one...

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Topics: Health System / Hospital, Mergers & Acquisitions / JV, Provider, Trends
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