Latest Job Openings In The Cartersville Area msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
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Atlanta s Piedmont Healthcare plans to acquire three more hospitals in a second major deal announced in as many weeks.
The not-for-profit health system announced Wednesday it has signed a letter of intent for University Health to become a Piedmont hub in Augusta, a little over two hours east of Atlanta. The news comes just over a week since Piedmont said it plans to buy four HCA Healthcare hospitals, all within 90 miles of Atlanta.
That s a lot of growth for Piedmont, which currently stands at 11 acute-care hospitals and just shy of $4 billion in annual revenue. Piedmont CEO Kevin Brown said Wednesday the system didn t plan to announce the deals so close together.
Primary Content Credit: Georgia Health News
Piedmont Healthcare is adding four HCA hospitals to its network in a deal valued at close to $1 billion.
The purchases from HCA, announced Monday, would make Atlanta-based Piedmont the leading system in Georgia in number of hospitals, at 15. The Emory and Wellstar systems are next, at 11.
The deal had been rumored for several days.
If regulators approve the acquisitions, as expected, the nonprofit Piedmont system will acquire Eastside Medical Center in Snellville; Coliseum Medical Centers and Coliseum Northside, both in Macon; and Cartersville Medical Center in Cartersville.
The targeted closing date is July 31. HCA, a chain based in Tennessee, valued the acquisition price at $950 million.