US-based hospital company Community Health Systems’ affiliates have completed the divestiture of Plateau Medical Center in Oak Hill, West Virginia to affiliates of Vandalia Health for a cash transaction valued at $92m.
As part of the transaction, the 25-bedded Plateau Medical Centre sold its entire assets, physician clinic operations, and outpatient services to Vandalia.
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The move comes in line with Community Health Systems’ decision which was taken during its fourth quarter and year-end 2022 earnings call.
Vandalia Health, which was created as a result of the merger between Charleston Area Medical Center (CAMC) and Mon Health System, initiated the acquisition of the hospital on 1 April 2023.
As reported by MetroNews, CAMC president and CEO Dave Ramsey said: “The staff is terrific. They do a great job of taking care of the community and the patients that come to them.”
“It’s got an energy about it in that region. We’re excited about being a part of the community.”
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By GlobalDataRamsey claimed that the transition would be smooth, citing the already effective functioning of Plateau Medical Center.
Ramsey added: “They’re well managed, well run, with a number of very fine physicians.”
In February 2023, Community Health Systems signed a definitive agreement to sell Lake Norman Regional Medical Center and Davis Regional Medical Center for nearly $320m.
