The joint venture between Capella Healthcare and the Medical University of South Carolina has signed a definitive agreement to acquire KershawHealth, a Camden, South Carolina health system.
The deal was first announced last year, following the launch of Capella-MUSC Health Network, a clinical partnership between the two entities. The deal was then valued at $45 million, according to a release.
Terms of the acquisition were not announced Friday and the deal is expected to close November 1. Capella-MUSC will assume control of the system's 121-bed medical center, a 96-bed long-term care center, an outpatient and urgent care facility, a sleep diagnostic center and home health and hospice services.
"As we’ve gotten to know the healthcare providers and community here over the past year, we’ve become even more enthused about this unique partnership," Michael Wiechart, Capella president and CEO, said in a release. "Like us, KershawHealth is committed to providing the highest quality of care and to exceeding patients’ expectations. With more than a century of service, KershawHealth is a significant and well-respected community asset, and we are ecstatic to become its partner for the future. Our goal in working together is to ensure the continued delivery of high quality local healthcare, expand services, and provide seamless access to the advanced care available through MUSC Health.”
Capella Healthcare announced Thursday seven promotions, including Angie Mulder to vice president, corporate compliance officer and Andretta Reed to vice president, HIM operations and coding. Mulder is a former senior director of ethics and compliance at LifePoint Hospitals, while Reed joined Franklin-based Capella in 2012 as director of coding and revenue integrity.
The company also announced the following promotions:
•Brent Jean, assistant vice president of reimbursement
•Scott Fleischer, director of financial IT applications
•Barb Hojer, director of human resources
•Kevin Townes, director of technical services
•Amanda Herbert, senior analyst of patient portals
"We are pleased to announce promotions for these high-performing members of our corporate resource team," Michael Wiechart, Capella CEO, said in a release. "Capella has a talented and experienced team of colleagues that are dedicated to serving our hospitals. Health care is complex industry and it is vital that hospitals have access to strong leadership resources. Or corporate resource team is a vital part of our hospitals' success."
POSTDATA: WARRANTY DEEDS