WITN7: Vidant Two Others Make Proposals To Lenoir Memorial Hospital

Updated: Fri 2:31 PM, Jun 13, 2014
http://www.witn.com/home/headlines/Lenoir-Memorial-To-Make-Partnership-Proposals-Public-On-Friday-262917261.html

“I’m very proud of our hospital taking a very thoughtful, methodical approach to the longevity of our community hospital. A strong hospital represents a strong community and we’re really proud the leadership, Mr. Black and Board of Directors, for taking such a proactive approach to making sure that the partner that comes in is a partner that will not only fit the hospital, but will also fit our community.” – Mayor BJ Murphy

Three hospital systems want to either purchase or partnership with Lenoir Memorial Hospital.

Vidant Health, Duke LifePoint, and Novant Health have submitted proposals to the Kinston hospital’s board.

The hospital, which has seen recent cutbacks and layoffs, announced in December it had hired a Chicago-based financial advisory firm to help find a partner for the hospital.

In their proposals, both Vidant and Duke give the option to purchase LMH or for them to enter into a partnership.

Vidant owns nine hospitals here in Eastern Carolina, Duke LifePoint owns several hospitals in the state including Wilson Memorial, while Novant owns hospitals in the Triad, including Forsyth Medical Center.

LMH CEO Gary Black will hold a public hearing on June 24th to answer questions about the proposals. That public hearing will be at 10:00 a.m. at the public library.

In a statement, Vidant says it is excited about the proposal.

“Our organizations already share a successful history of working collaboratively. We worked with them to expand the cardiac intervention program at Lenoir Memorial Hospital, and our Vidant Medical Group hospitalists are on-site delivering care to patients every day,” said Roger Robertson, president of Vidant Community Hospitals. “Vidant believes that this is an opportunity to work more closely with Lenoir Memorial to enhance the health of the residents we serve and elevate care far beyond what we could accomplish independently.”

 


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Lenoir Memorial Hospital says it will make public on Friday multiple proposals for a strategic partnership with another hospital or health system.

The hospital, which has seen recent cutbacks and layoffs, announced in December it had hired a Chicago-based financial advisory firm to help find a partner for the hospital.

Hospital spokeswoman Barbara LaRoque says the public will be able to view the proposals starting tomorrow.

She said CEO Gary Black will hold a public hearing on June 24th to answer questions about the proposals. That public hearing will be at 10:00 a.m. at the public library.

LaRoque says there has not been any timetable announced for when the hospital board might act on any of the proposals, but says Black may address that on the 24th.