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North Carolina's Beaufort Regional Selects CHS for Affiliation, Rejecting Medical Staff's Recommendation

The board of commissioners for Beaufort Regional Health System in Washington, N.C., approved an affiliation with Franklin, Tenn.-based Community Health Systems, despite a recommendation from its medical staff to affiliate with Greenville, N.C.-based University Health Systems of Eastern Carolina, according to a Washington Daily News report.

CHS's original bid, which has been negotiated since November, included a 30-year lease for a prepaid amount of $30 million with renewals at fair-market value every 10 years. CHS would purchase the "net working capital" of the system, and the bid also included a guarantee of $25 million in capital expenditure from CHS as well a $2 million physician recruitment commitment during the first five years, according to the report.

In October, Beaufort Regional announced it was considering bids from four health systems — Plano, Texas-based LHP Hospital Group; Franklin, Tenn.-based HealthTech Management Services (formerly Brim Healthcare); and Greenville, N.C.-based University Health Systems of Eastern Carolina.

Read the Washington Daily News report on Beaufort Regional Health System.

Read previous coverage on Beaufort Regional Health System:

- CHS Rejoins Negotiations for North Carolina's Beaufort Regional Health System

-
CHS Withdraws Offer for North Carolina's Beaufort Regional

-
Medical Staff at North Carolina's Beaufort Regional Approves Merger With University Health of Eastern Carolina

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