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Cape Fear Valley Health in North Carolina Acquires Bladen County Hospital

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.

More Articles on Hospital Acquisitions:

CHS Acquires MetroSouth Medical in Illinois
Prime Healthcare Acquires Philadelphia's Roxborough Memorial
Cookeville Regional to Acquire Cumberland River Hospital in Tennessee

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