Morgantown, W.Va.-based Mon Health System and Weston, W.Va.-based Stonewall Jackson Memorial Hospital have signed a letter of intent to pursue a potential partnership, according to WDTV-5 News.
The deal marks the close of Stonewall Memorial's 12-month process to find a partner. The health systems will spend the next several months outlining the terms of the proposed transaction, which officials expect to close at the end of the year.
"The partnership between Mon Health and Stonewall underscores our commitment to enhancing the health and access to quality care in the communities we serve," said Darryl Duncan, president and CEO of Mon Health System. "Our collective patients and communities will benefit greatly from our combined efforts, enhanced services and extensive care options."
"We are very pleased our patients will have access to the expertise of one of the best regional providers in our state," said Avah Stalnaker, CEO of Stonewall Jackson Memorial Hospital. "For Stonewall[,] the goals of this partnership are to eventually be able to invest in a replacement hospital facility, recruit additional providers to the area and enhance the high quality services and excellent care we provide to our patients close to home."