Emory, St. Joseph’s file for joint op­er­at­ing com­pany

Modern Healthcare - - Late News -

Emory Health­care and St. Joseph’s Health Sys­tem, both in Atlanta, filed the re­quired pa­per­work with the Ge­or­gia at­tor­ney gen­eral’s of­fice to form a new joint op­er­at­ing com­pany that will be part of St. Joseph’s join­ing Emory Health­care. Emory and St. Joseph’s first an­nounced the deal in March. Emory will con­trib­ute its 72-bed Emory Johns Creek (Ga.) Hos­pi­tal to the part­ner­ship. Last year, Emory Health­care bought out Nashville­based HCA’s stake in Emory Johns Creek, part of their un­wind­ing of a joint ven­ture that be­gan in 1998; in re­turn, HCA bought out Emory’s in­ter­est in Emory East­side Med­i­cal Cen­ter, Snel­lville, Ga. St. Joseph’s will con­trib­ute its 294-bed St. Joseph’s Hos­pi­tal of Atlanta. A sis­ter fa­cil­ity, 25-bed St. Joseph’s East Ge­or­gia, Greens­boro, will shift to St. Mary’s Health Care Sys­tem, Athens, Ga., ac­cord­ing to a news re­lease. Both St. Joseph’s and St. Mary’s are part of Catholic Health East, New­town Square, Pa. Emory and St. Joseph’s are not re­veal­ing fi­nan­cial terms or other fa­cil­i­ties that might be con­trib­uted to the joint op­er­at­ing com­pany at this point, ac­cord­ing to a St. Joseph’s spokes­woman. The joint op­er­at­ing com­pany will be a part of the greater Emory sys­tem.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.