Two West Vir­ginia hos­pi­tals work to­ward merger

Modern Healthcare - - REGIONAL NEWS - —Bob Her­man

Ca­bell Hunt­ing­ton (W.Va.) Hos­pi­tal has ini­ti­ated talks to ac­quire its crosstown com­peti­tor, St. Mary’s Med­i­cal Cen­ter.

The not-for-profit hos­pi­tals are still op­er­at­ing in­de­pen­dently, as ex­ec­u­tives are in the “ini­tial steps of a process” that

they hope will merge the two en­ti­ties, ac­cord­ing to a joint state­ment.

The 303-bed Ca­bell Hunt­ing­ton Hos­pi­tal and 375-bed St. Mary’s Med­i­cal Cen­ter are the only two acute-care fa­cil­i­ties in Hunt­ing­ton, which sits near the Ohio border and is West Vir­ginia’s sec­ond-largest city, with about 49,000 res­i­dents.

In its fis­cal 2013, which ended last Septem­ber, Ca­bell Hunt­ing­ton recorded a $13.5 mil­lion op­er­at­ing sur­plus and a $32.8 mil­lion to­tal sur­plus on nearly $420 mil­lion in rev­enue. St. Mary’s Med­i­cal Cen­ter’s lat­est fi­nan­cial data, from 2012, showed the hos­pi­tal had a $13.3 mil­lion over­all sur­plus with $380.7 mil­lion in rev­enue.

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