Cape Fear Valley Health System in Fayetteville, N.C., has finalized its purchase of Bladen County Hospital in Elizabethtown, N.C., according to a Fayetteville Observer report.
A ceremonial letter signing and plaque presentation to mark the purchase occurred during a meeting of the Bladen County board of commissioners.
Since 2008, Cape Fear Valley has leased Bladen County Hospital. At that time, Cape Fear Valley and Bladen County Hospital entered into a multi-year affiliation that gave the health system the option of buying the hospital within five years.
According to the report, Cape Fear Valley has invested $19 million in upgrades to Bladen County. While assets are being transferred with the purchase, there will be no additional monetary exchange.
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A ceremonial letter signing and plaque presentation to mark the purchase occurred during a meeting of the Bladen County board of commissioners.
Since 2008, Cape Fear Valley has leased Bladen County Hospital. At that time, Cape Fear Valley and Bladen County Hospital entered into a multi-year affiliation that gave the health system the option of buying the hospital within five years.
According to the report, Cape Fear Valley has invested $19 million in upgrades to Bladen County. While assets are being transferred with the purchase, there will be no additional monetary exchange.
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