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Northeast Alabama Regional Medical Center Signs Agreement to Acquire Stringfellow Memorial Hospital

By: | Tags: | Comments: 0 | March 3rd, 2017

Anniston, Ala. – March 3, 2017 – An agreement has been reached for Northeast Alabama Regional Medical Center (RMC) to acquire Stringfellow Memorial Hospital (SMH) and its associated physician clinics and outpatient services from subsidiaries of Tennessee-based Community Health Systems, Inc. (CHS). The purchase price of $25 million includes RMC’s assumption of the approximately $13 million facility lease. When the transaction is complete, the organizations will work together to build and even stronger network of coordinated care for people in the region.

“We are please for our organizations to join together to serve northeast Alabama, Calhoun County and surrounding communities. Both organizations have long histories of providing high quality care, and we will work closely to enhance the future of healthcare in the region,” said Louis Bass, President and Chief Executive Officer of RMC.

Each of the hospitals has operated in Anniston for more than 70 years and grown healthcare resources in response to community need. As one network of care, the hospitals will facilitate care between facilities and physicians, improving continuity of care and access to services for the region.

“Combining our two organizations into one ultimately benefits patients the most by uniting two providers dedicated to caring for our common communities,” said David Zinn, M.D., a nephrologist on staff at both RMC and SMH and VP of Medical Affairs at RMC. “Our most important resource – our dedicated physicians and staff members who care for patients – wil have the additional support that comes from being part of a coordinated network of providers.”

The transaction is expected to be complete in the second quarter of this year, subject to customary regulatory approvals and closing conditions.

About Regional Medical Center
With 323 inpatient beds at Regional Medical Center (RMC) Anniston, 104 beds at RMC Jacksonville, and numerous outpatient facilities and services, RMC is the provider of choice for over 13,500 inpatients, 89,000 outpatients, 1,850 newborn deliveries and 57,500 emergency room visits each year. Services include cardiovascular, oncology, orthopedic, and women’s/children’s, as well as most major specialties for the right care close to home. More than 1,800 employees, 350 volunteers and 200 physicians in a full range of specialties provide state-of-the-art healthcare with integrity, skill and compassion. RMC is accredited by the American College of Surgeons’ Commission on Cancer, is an affiliate in the UAB Cancer Care Network, is recognized by Blue Cross and Blue Shield of Alabama as a Blue Distinction Centers+ for Knee and Hip Replacement, and is the first designated Baby-Friendly birthing facility in Alabama. For more information, visit www.RMCcares.org.

About Stringfellow Memorial Hospital
Stringfellow Memorial Hospital in Anniston, Alabama is a 125-bed acute care hospital that was established in 1938. The hospital is accredited by The Joint Commission, the leading accrediting agency for hospitals in the United States. Stringfellow Memorial provides comprehensive acute care inpatient services, offers 24-hour emergency care, general and specialized surgical services including laparoscopic and laser surgery, same day outpatient surgery and procedures, a full service rehabilitation department, pain clinic and diagnostic testing procedures including MRI and CT scanning. The hospital is the only health facility in Calhoun County to receive Chest Pain Accreditation by the Society of Chest Pain Centers.