West Virginia University Health System plans another hospital acquisition

deal
Jackson General first entered into a a management agreement with West Virginia University Hospitals on Sept. 1 and signed a letter of intent earlier this year to become part of the system. (Getty/Natee Meepian)

West Virginia University Health System plans to acquire another hospital in the state after regulators gave the deal the OK.

Jackson General first entered into a management agreement with WVU Hospitals on Sept. 1 and signed a letter of intent earlier this year to become part of the system. A regulatory body gave the health system a certificate of need granting permission for the deal, the health system said in a release.

It would be the fifth hospital to be acquired by the health system in two years, WVMetroNews reported.

Conference

2019 Drug Pricing and Reimbursement Stakeholder Summit

Given federal and state pricing requirements arising, press releases from industry leading pharma companies, and the new Drug Transparency Act, it is important to stay ahead of news headlines and anticipated requirements in order to hit company profit targets, maintain value to patients and promote strong, multi-beneficial relationships with manufacturers, providers, payers, and all other stakeholders within the pricing landscape. This conference will provide a platform to encourage a dialogue among such stakeholders in the pricing and reimbursement space so that they can receive a current state of the union regarding regulatory changes while providing actionable insights in anticipation of the future.

RELATED: Study: West Virginia shows Medicaid expansion, public health methods can impact opioid crisis

"As the academic medical center of the state’s land-grant university, we have an obligation to ensuring that people all over West Virginia have access toh igh-qualityy healthcare close to their homes," Albert Wright Jr., president and CEO of the WVU Health System, said in a statement. "By bringing Jackson General Hospital into our system, we are committed to doing just that for patients in the mid-Ohio Valley.”

WVU Hospitals is the state’s largest health system and largest private employer with nine hospitals, including its flagship site, J.W. Ruby Memorial Hospital in Morgantown, and its five institutes including the WVU Cancer Institute and the WVU Critical Care and Trauma Institute. It also provides management services to three additional medical centers in the state.

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