Georgia's attorney general has approved a partnership between Stockbridge, Ga.-based Henry Medical Center and Piedmont Healthcare, Atlanta, clearing the way for the deal to take effect Jan. 1, 2012.
Piedmont-Henry deal clears final hurdle
The 215-bed hospital announced plans to join Piedmont Healthcare in April. The two negotiated a long-term lease agreement that would allow a local hospital authority to retain ownership of Henry Medical Center, which would become a subsidiary of Piedmont.
The deal received approval from the Federal Trade Commission in August. That same month, the Hospital Authority of Henry County and the boards of Henry Medical Center and Piedmont together announced their approval of the terms of the agreement.
“I am truly excited about what Piedmont Healthcare will bring to our hospital and to the citizens of Henry County,” Jeff Mills, chairman of the Henry Medical Center's affiliation steering committee, said in a joint news release. “The favorable finding by the attorney general's office is the last of several validations that a promising future as part of the Piedmont system is on the horizon.”
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.