US-based healthcare company LifePoint Health has completed the acquisition of St Francis Hospital in Columbus, Georgia.
St Francis is a 376-bed facility that provides a full range of inpatient, outpatient and emergency room services.
Claimed to be the only hospital in the area offering open heart surgery, St Francis has more than 2,800 employees, 300 physicians and features the latest technology to help regain and maintain health.
With this acquisition, St Francis will have access to new resources that will strengthen the hospital, support its growth, and help it improve the delivery of quality care and services to Columbus and surrounding communities.
St Francis Hospital Board of Trustees chairman Richard Bradley said: "We are delighted to finalise our partnership with LifePoint Health and begin a new chapter at St Francis.
"LifePoint and St Francis share a dedication to quality care, creating great workplaces and being an engaged partner with our communities.
"We are proud to join the LifePoint family and move into the future from a position of strength."
Under this transaction, LifePoint has satisfied St Francis’ financial obligations by paying off its loan from the US Department of Housing and Urban Development (HUD).
Subject to standard pre-employment screenings, LifePoint also provided employment to all active employees and is continuing to advance collaborative relationships with physicians.
With the completion of this acquisition, LifePoint will work together with St Francis to expand its services and meet the evolving healthcare needs of its communities and will make strategic capital investments to support these efforts.
As part of LifePoint, the hospital will continue its existing charity care policies, and a local board of advisors will ensure the community’s voice in the governance of the hospital.
In addition, St Francis will be a local taxpayer, providing a new source of tax revenues that will benefit the community and help support local projects, schools and infrastructure in the Chattahoochee Valley.