Novant Health, Winston-Salem, N.C., has completed its acquisition of Prince William Health System, Manassas, Va., after the deal was approved by the Virginia attorney general and the Federal Trade Commission. Prince William will retain its local governance board, with one Novant representative on it, and Prince William will have a seat on Novant's board.
Novant completes Prince William Health acquisition
Novant will invest more than $240 million in the Manassas area to build a new hospital in the Haymarket region of Prince William County, Va., and a cardiac catheterization lab, among other projects, and also to recruit 50 new specialist physicians. Novant operates nine other hospitals, all in North Carolina.
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