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Wilson (N.C.) Medical Center joins Duke.
Wilson (N.C.) Medical Center joins Duke.

Regional News/South: Duke LifePoint completes Wilson Medical Center acquisition

By Beth Kutscher
Posted: March 8, 2014 - 12:01 am ET

Duke LifePoint Healthcare has completed its previously announced acquisition of Wilson (N.C.) Medical Center.

The deal, structured as a joint venture, calls for Duke LifePoint to make a $120 million capital investment in Wilson Medical Center over the next 10 years. Duke LifePoint will own 80% of the venture, with the hospital and the local community owning the remaining 20%. Under the conversion, Wilson will no longer be a tax-exempt entity.

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This marks the fifth acquisition for Duke LifePoint, a joint venture formed in 2011 between Durham, N.C.-based Duke University Health System and publicly traded LifePoint Hospitals, based in Brentwood, Tenn.

As part of the transition, Wilson Medical Center CEO Rick Hudson will retire. Jerry Dooley, a LifePoint executive since 2006, will serve as interim CEO while a national search for a new CEO takes place.

Follow Beth Kutscher on Twitter: @MHbkutscher

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