Chief Healthcare Executive August 22, 2024
Ron Southwick

Iredell Health System has reached a deal to buy Davis Regional Medical Center from Community Health Systems. CHS had planned to sell the facility to Novant Health, but the plans were dropped.

A vulnerable North Carolina hospital is on the cusp of getting new ownership.

Iredell Health System says it has reached a deal to acquire Davis Regional Medical Center from Community Health Systems. Iredell hopes to complete the deal this fall, but regulators must sign off on the transaction.

For a while, it appeared that Davis Regional was going to be a part of Novant Health. Novant had reached an agreement with CHS to purchase Davis Regional and Lake Norman Regional Medical Center in a $320 million deal.

However,...

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