HCA Healthcare Completes Purchase of Mission Health for $1.5B

^{Logo via HCA Healthcare.}

HCA Healthcare today announced it has completed its purchase of Mission Health, a six-hospital system in Asheville and western North Carolina, for approximately $1.5 billion.

Nashville-based, HCA Healthcare is a healthcare provider with 185 hospitals and approximately 1,800 sites of care in 21 states and the U.K. Mission Health — recognized as one of the nation’s top 15 health systems by IBM Watson Health in six of the past seven years — will now be an operating division of HCA Healthcare.

>> READ: Vaping Is Still Not a Digital Health Solution

“We’re looking forward to investing in western North Carolina and helping ensure Mission Health’s 133-year tradition of caring for communities throughout the region continues for many years,” said Sam Hazen, CEO of HCA Healthcare.

With the purchase, HCA Healthcare claims to have some lofty goals.

The provider says it will build a 120-bed inpatient behavioral health hospital in Asheville and will complete the new state-of-the-art Mission Hospital for Advanced Medicine, also in Asheville. HCA Healthcare will also build a new replacement hospital for Angel Medical Center in Franklin, N.C.

HCA Healthcare also claims it will invest $232 million in Mission Health facilities and create a $25 million Innovation Fund focused on improving healthcare service delivery and prompting economic development.

Mission Health will take on HCA Healthcare’s more expansive charity care policy as per the terms of the transaction.

“This is a tremendous win for the people and communities that we serve, and one that may be judged by history as a positive inflection point for the communities we serve,” said Ronald A. Paulus, M.D., Mission Health’s President and CEO.

Get the best insights in healthcare analytics directly to your inbox.

Related

Meditech and Nuance Partner to Deliver AI-Powered Virtual Assistants

Telemedicine Association Hopes to Shape DEA Prescribing Regulations

Measuring the Promises of Interoperability