Duke LifePoint Healthcare has signed a definitive agreement to acquire 50-bed Person Memorial Hospital, Roxboro, N.C., according to a news release. The joint venture of Duke University Health System, Durham, N.C., and LifePoint Hospitals, Brentwood, Tenn., had announced the deal in June.
Duke LifePoint, N.C. hospital reach deal
Full financial terms of the deal have not been disclosed. Duke LifePoint has committed to investing $15 million in the hospital over the next 10 years. Person Memorial includes 60 skilled-nursing beds.
The definitive agreement gives Duke LifePoint two such agreements that are pending review by the North Carolina attorney general's office. Duke LifePoint finalized its agreement to acquire an 80% stake in 102-bed Maria Parham Medical Center, Henderson, N.C., last month.
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