Wadley Health System, Texarkana, Texas, transferred ownership of its system to Community Health Corp., Plano, Texas, and announced plans to build a $100 million, 200-bed hospital in three years to five years. Officials said the partnership was designed to give Wadley the benefits of being part of a large healthcare organization while retaining its not-for-profit status. Wadley spokeswoman Shelby Brown said not-for-profit Community Health will gain a seat on the Wadley board, which will continue to control the system. Community Health, part of VHA Southwest, offers various assistance to not-for-profit hospitals with the goal of preserving their not-for-profit status. Wadley is the eighth hospital to partner with Community Health and the seventh in Texas, said Michael Williams, the organization's president and chief executive officer. -- by Paul Barr
Texas hospital transfers ownership to VHA spin-off
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