Stockbridge, Ga.-based Henry Medical Center has announced plans to partner with Atlanta-based Piedmont Healthcare. According to the terms of the long-term lease agreement, the Hospital Authority of Henry County will retain ownership of Henry Medical Center, which will become a subsidiary of Piedmont.
Ga. hospital plans to partner with Piedmont
The announcement follows an earlier failed partnership effort involving Piedmont and St. Joseph’s Health System, Atlanta. In August 2010, Piedmont and St. Joseph’s formally ended talks after trying to form a joint operating company.
In a news release, Charlie Scott, Henry Medical Center’s president and CEO, said the hospital’s reasons for choosing Piedmont included its financial standing, its record of quality improvement and its community-hospital focus.
“We are very excited about the prospect of a long-term partnership with Piedmont Healthcare and the many benefits it will bring to the delivery of healthcare in Henry County and the surrounding area,” said Steve Kay, chairman of Henry Medical Center’s board, in the release.
Piedmont and Henry Medical Center will soon start formal negotiations to develop a definitive affiliation agreement, which must then be approved by Georgia’s attorney general’s office. That process will likely take several months, Henry Medical Center said in the release.
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