Emory Healthcare and St. Joseph's Health System, both in Atlanta, have filed the required paperwork (PDF) with the Georgia attorney general's office in order to form a new joint operating company that will be part of St. Joseph's joining Emory Healthcare, according to a news release. Emory and St. Joseph's first announced the deal in March.
Emory, St. Joseph move ahead on joint company
Emory will contribute its 72-bed Emory Johns Creek (Ga.) Hospital to the partnership. Last year, Emory Healthcare bought out Nashville-based HCA's stake in Emory Johns Creek, part of their unwinding of a joint venture that began in 1998; in return, HCA bought out Emory's interest in Emory Eastside Medical Center, Snellville, Ga.
St. Joseph's will contribute its 294-bed St. Joseph's Hospital of Atlanta. A sister facility, 25-bed St. Joseph's East Georgia, Greensboro, will shift to St. Mary's Health Care System, Athens, Ga., according to a release; both St. Joseph's and St. Mary's are part of Catholic Health East, Newtown Square, Pa.
Emory and St. Joseph's are not revealing either financial terms or other facilities that might be contributed to the joint operating company at this point, according to a St. Joseph's spokeswoman. The joint operating company will be a part of the greater Emory system.
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