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Stock Market & Financial Investment News

News Breaks
August 1, 2014
07:04 EDTLPNTWestCare Health System acquired by Duke LifePoint
The WestCare Health System Board of Trustees and Duke LifePoint Healthcare announced that the acquisition of WestCare by Duke LifePoint has been finalized. Under the terms of the acquisition agreement, which was reviewed by the Attorney General of North Carolina, Duke LifePoint purchased Harris Regional Hospital, Swain County Hospital, and WestCare Medical Park. Duke LifePoint will invest a minimum of $43M in capital improvements over the next eight years and provide new resources to help the system grow, recruit new physicians, enhance services and improve health care delivery throughout the region. WestCare’s hospitals now have access to Duke University Health System’s top-ranked patient safety, quality and education programs and LifePoint’s financial and operational resources and expertise. WestCare will be governed by a regional board of trustees comprised of members of WestCare’s communities, local physicians and representatives from Duke LifePoint. Duke LifePoint Healthcare, is a joint venture of Duke University Health System and LifePoint Hospitals.
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