What You Should Know:
– In a significant move to expand its presence in South Carolina, Novant Health has announced the acquisition of three Tenet Healthcare hospitals and affiliated operations for approximately $2.4B. The deal, which is expected to close early next year, will bring Hilton Head Hospital, Coastal Carolina Hospital, and East Cooper Medical Center under the Novant Health umbrella.
-This strategic acquisition aligns with Novant Health’s long-term vision to enhance healthcare services across the Carolinas. The integration of these three hospitals into Novant Health’s network will extend its reach to communities in Charleston, Hilton Head, and Hardeeville, further solidifying its position as a leading provider of patient-centered care in the region.
Expanded Revenue Cycle Management
The agreement also includes expanded revenue cycle management services for the three hospitals to be provided by Tenet’s Conifer Health Solutions subsidiary. This collaboration will ensure seamless continuity of care for patients and enhance access to surgical procedures in convenient and safe outpatient settings.
The transaction is expected to be completed early next year. Upon completion of the transaction, Novant Health will work closely with team members, medical staff, and other stakeholders to ensure a smooth transition and continue delivering quality care close to home. This acquisition marks a significant step forward in Novant Health’s mission to transform healthcare delivery and improve the health and wellness of communities across South Carolina.