The integration of Atlanta-based Emory Healthcare and Decatur, Ga.-based DeKalb Medical will include Emory paying off DeKalb Medical's debt.
Emory spokesperson Janet Christenbury said Emory will assume or repay around $168 million of DeKalb’s outstanding bond debt as part of the merger. In addition, Emory has agreed to provide $239 million in post-transaction capital investments in DeKalb Medical facilities over seven years.
The Georgia Attorney General's Office earlier this month approved the integration of Emory, a nonprofit health system with seven hospitals and 200 provider locations in and around Atlanta, and DeKalb Medical, a nonprofit health system consisting of three hospital campuses with a combined 627 beds. Dekalb Medical is slated to integrate into Emory Sept. 1.
Editor's note: This story was updated Aug. 16.
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