Affinity Health Partners has signed an asset purchase agreement for the acquisition of Martin General Hospital in Williamston, North Carolina, US from Quorum Health.
The addition of Martin General Hospital will allow Affinity to increase the continuum of care for its facilities while bringing new capabilities as a rural health clinically integrated network in Martin County as well as surrounding areas.
Affinity is engaged in the management of a network of rural critical access hospitals, primary care facilities, and outpatient clinics.
Affinity Health Partners chairman and CEO Frank Avignone said: “Rural hospitals are struggling all over the country, yet they remain a vital component to the success of any small community.
“We look forward to working with hospital leaders, other area providers, and community members in designing a new future of integrated health services. We will continue to work with the county commission for approval as we move forward.”
The transaction is subject to customary approvals and closing conditions and is expected to be completed within the fourth quarter of this year.
At that time, Martin General will become part of its growing rural health system.
This includes Washington Regional Medical Center, a critical access hospital with 25 beds, and Plymouth Primary Care clinic.
Additionally, Affinity has established relationships with UNC, Duke, and Vidant, allowing them to give patients better access to specialists and services that are currently not available locally.
At the time of transition, Affinity will keep all active employees in good standing, subject to its standard review process.
The acquisition is the latest transaction in its long-term strategic growth plan.
The companies have not disclosed the deal value.