The Atlanta area's healthcare consolidation trend continues with the approval of an agreement to make Henry Medical Center, a 215-bed, publicly owned facility in Stockbridge, Ga., the fifth hospital in the Atlanta-based Piedmont Healthcare system.
Henry Medical Center to join Piedmont
The agreement was approved by the boards of both organizations, and—according to a joint news release—it calls for Henry Medical Center to become a Piedmont subsidiary, Piedmont to lease the Hospital Authority of Henry County's assets, and the medical center's board to be reconstituted to include Piedmont leadership to serve in some capacity.
The deal has already been approved by the Federal Trade Commission.
The agreement also calls for Piedmont to continue Henry Medical Center's commitment to treat the uninsured and indigent, to guarantee the obligations of Henry Medical Center's existing bond debt, and to develop and implement a five-year plan to expand services.
The deal is expected to go in effect in January 2012, according to the release.
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