Phoebe Putney Hospital, a non-profit hospital in Albany, Ga., plans to complete its acquisition of Palmyra Medical Center, a for-profit also in Albany, in February, according to an Albany Herald report.
The acquisition was announced late last month and officials expected the closing to occur before the end of January. However, due to licensing and regulatory measures, the process has taken longer than first anticipated and may spill over into February, according to the report.
Phoebe's CEO Joel Wernick said the transaction will not result in layoffs and there are no plans for staff reductions, according to the report.
Read the Albany Herald report on the Phoebe Putney Hospital's acquisition of Palmyra Medical Center.
Read about other recent hospital transactions:
- New Jersey's Hoboken University Medical Center Begins Sale Negotiations with Private Entity
- Colorado Springs's Memorial Health System Moves Forward With Conversion to Non-Profit
- North Carolina's Beaufort Regional Selects CHS for Affiliation, Rejecting Medical Staff's Recommendation
The acquisition was announced late last month and officials expected the closing to occur before the end of January. However, due to licensing and regulatory measures, the process has taken longer than first anticipated and may spill over into February, according to the report.
Phoebe's CEO Joel Wernick said the transaction will not result in layoffs and there are no plans for staff reductions, according to the report.
Read the Albany Herald report on the Phoebe Putney Hospital's acquisition of Palmyra Medical Center.
Read about other recent hospital transactions:
- New Jersey's Hoboken University Medical Center Begins Sale Negotiations with Private Entity
- Colorado Springs's Memorial Health System Moves Forward With Conversion to Non-Profit
- North Carolina's Beaufort Regional Selects CHS for Affiliation, Rejecting Medical Staff's Recommendation