Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

WellStar seeks partner to help renovate Atlanta safety-net hospital

Marietta, Ga.-based WellStar Health System is considering a variety of options to help revive Atlanta Medical Center, including finding a partner or selling the safety-net facility, according to Georgia Health News.

WellStar, which acquired Atlanta Medical Center's two campuses in 2016, said that it invested $126 million to upgrade the facilities, but that aging infrastructure is still a problem.

"A long-term, sustainable solution will require a substantial, additional investment that we, as a not-for-profit, cannot fund alone while maintaining access to care for everyone we serve,” Kem Mullins, a WellStar executive vice president, told the publication. 

WellStar said it will be inviting select organizations that meet its partnership criteria to submit proposals.

Experts said the proposals could involve a sale or striking a joint venture agreement. 

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Articles We Think You'll Like

 

Featured Whitepapers

Featured Webinars