Cabell Huntington (W.Va.) Hospital has initiated talks to acquire its cross-town competitor, St. Mary's Medical Center.
The not-for-profit hospitals are still operating independently, as executives are in the “initial steps of a process” that they hope will merge the two entities, according to a joint statement.
The 303-bed Cabell Huntington Hospital and 375-bed St. Mary's Medical Center are the only two acute-care facilities in Huntington, which sits near the Ohio border and is West Virginia's second-largest city, with about 49,000 residents.
In its fiscal 2013, which ended last September, Cabell Huntington recorded a $13.5 million operating surplus and a $32.8 million total surplus on nearly $420 million in revenue. St. Mary's Medical Center's latest financial data, from 2012, showed the hospital had a $13.3 million overall surplus with $380.7 million in revenue. —Bob Herman
Follow Bob Herman on Twitter: @MHbherman
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