Duke LifePoint com­pletes Wil­son Med­i­cal Cen­ter ac­qui­si­tion

Modern Healthcare - - REGIONAL NEWS - —Beth Kutscher

Duke LifePoint Health­care has com­pleted its pre­vi­ously an­nounced ac­qui­si­tion of Wil­son (N.C.) Med­i­cal Cen­ter.

The deal, struc­tured as a joint ven­ture, calls for Duke LifePoint to make a $120 mil­lion cap­i­tal in­vest­ment in Wil­son Med­i­cal Cen­ter over the next 10 years. Duke LifePoint will own 80% of the ven­ture, with the hospi­tal and the lo­cal com­mu­nity own­ing the re­main­ing 20%. Un­der the con­ver­sion, Wil­son will no longer be a tax-ex­empt en­tity.

This marks the fifth ac­qui­si­tion for Duke LifePoint, a joint ven­ture formed in 2011 be­tween Durham, N.C.-based Duke Univer­sity Health Sys­tem and pub­licly traded LifePoint Hos­pi­tals, based in Brent­wood, Tenn.

As part of the tran­si­tion, Wil­son Med­i­cal Cen­ter CEO Rick Hud­son will re­tire. Jerry Doo­ley, a LifePoint ex­ec­u­tive since 2006, will serve as in­terim CEO while a na­tional search for a new CEO takes place.

Wil­son (N.C.) Med­i­cal Cen­ter joins Duke.

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