Randolph Health, a medical facility centered in Asheboro, serves 140,000 Randolph County residents and employs over 1,000 people in the area. Burdened by debts and hurt by massive changes underway in the healthcare industry, Randolph Health decided to look for a new buyer in 2015. The problem was, no one wanted to buy it.
Presented with this situation, executives at Randolph Health, including current CEO Angie Orth, made a series of strategic decisions over the years to turn it into an attractive prospect for a buyer. Randolph Health is now in final talks with American Healthcare Systems, LLC, for a potential buyout. Here is the process for how they got there.