An independent monitor has been appointed to oversee Nashville, Tenn.-based HCA Healthcare's $1.5 billion acquisition of Asheville, N.C.-based Mission Health, according to the Nashville Post.
A healthcare consulting firm, Gibbins Advisors, will ensure the terms of the acquisition are met, review the system's financial reports and inspect the facilities.
Following a series of interviews, HCA and North Carolina Attorney General Josh Stein approved the deal.
HCA finalized its acquisition of the six-hospital system Mission Health in February. Under the terms of the deal, the organization needed to hire an independent monitor to ensure HCA was following through on its promises to upgrade facilities and keep hospitals open.
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