Sylva, NC (August 1, 2014) – The WestCare Health System Board of Trustees and Duke LifePoint Healthcare today announced that the acquisition of WestCare by Duke LifePoint has been finalized.
Under the terms of the acquisition agreement, which was reviewed by the Attorney General of North Carolina, Duke LifePoint purchased Harris Regional Hospital, an 86-bed hospital in Sylva; Swain County Hospital, a 48-bed hospital in Bryson City; and WestCare Medical Park, an outpatient medical facility in Franklin. Duke LifePoint will invest a minimum of $43 million in capital improvements over the next eight years and provide new resources to help the system grow, recruit new physicians, enhance services and improve health care delivery throughout the region.
“As we have explored this acquisition over the last several months, Duke LifePoint has shown that it shares WestCare’s commitment to our hospitals, our patients and our communities,” said Bunny Johns, Chair of the WestCare Board of Trustees. “We are excited to begin our future as part of Duke LifePoint and to explore the great opportunities we have to enhance health care services to make our communities healthier.”
Becoming part of Duke LifePoint offers many benefits to WestCare’s hospitals, medical staff, employees and communities. Proceeds from the acquisition will retire WestCare’s financial obligations and fund a locally governed charitable foundation to support community needs. WestCare also becomes a local taxpayer, providing a source of new tax revenue to support the local economy.
“Harris Regional Hospital and Swain County Hospital have been a critical part of the health care infrastructure in western North Carolina for many years,” said LifePoint Chairman and Chief Executive Officer William F. Carpenter III. “We are proud to partner with these hospitals to strengthen quality care across this region and look forward to working with their teams to better position the hospitals to grow and prosper in the changing health care environment.”
WestCare’s hospitals now have access to Duke University Health System’s top-ranked patient safety, quality and education programs and LifePoint’s financial and operational resources and expertise.
“We are pleased to welcome WestCare to Duke LifePoint,” said William J. Fulkerson Jr., M.D., executive vice president of Duke University Health System. “Generations of people in this region have relied on WestCare’s hospitals and, together with WestCare’s board, executives, medical staff and employees, we will work together to further enhance health care in this region.”
WestCare will be governed by a regional board of trustees comprised of members of WestCare’s communities, local physicians and representatives from Duke LifePoint.
“WestCare’s relationship with Duke LifePoint marks a new beginning for our hospitals in Sylva and Bryson City and our outpatient center in Franklin,” said Steve Heatherly, CEO of WestCare Health System. “I look forward to working with Duke LifePoint to strengthen health care in our community by providing exceptional experiences for patients and families and growth opportunities for our staff,”
About WestCare Health System
WestCare Health System was formed through a partnership of Harris Regional Hospital and Swain County Hospital in 1997 and serves Jackson, Swain, Macon and Graham counties with primary and subspecialty care, outpatient facilities and urgent care.
About Duke LifePoint Healthcare
Duke LifePoint Healthcare, a joint venture of Duke University Health System, Inc. and LifePoint Hospitals® (NASDAQ: LPNT), was established to build a dynamic network of hospitals and healthcare providers. The joint venture, which brings together LifePoint’s experience in community-based hospital management and Duke’s world-renowned leadership in clinical service, is strengthening and improving healthcare delivery by providing community hospitals the clinical, quality and operational resources they need to grow and prosper. For additional information, visit www.dukelifepointhealthcare.com.