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Woods Memorial Hospital Joins LifePoint Hospitals

Stocks in this article: LPNT

LifePoint Hospitals®, a leading hospital company focused on providing quality healthcare services close to home, has acquired Woods Memorial Hospital. The Etowah facility, which includes a 72-bed hospital and 88-bed nursing home, becomes LifePoint’s 56th hospital campus across the country and its 11 th facility in Tennessee. The terms of the agreement are not disclosed.

As part of the acquisition, Woods will partner with nearby Athens Regional Medical Center to strengthen regional healthcare delivery in McMinn County and surrounding areas. The hospitals, which are located just 12 miles apart, will join forces and operate as part of a common system, sharing resources and coordinating their services to enhance the healthcare provided in their communities.

“Woods Memorial is a great hospital and excellent addition to LifePoint’s facilities throughout Tennessee,” said LifePoint Chairman and Chief Executive Officer William F. Carpenter III. “By combining the top-notch talent, commitment to community and dedication to patient care that exists at Athens Regional and Woods, we have a great opportunity to improve healthcare and better serve the people in this region.”

John Workman, CEO of Athens Regional, will serve as CEO of the two-hospital system. An administrator who will oversee the day-to-day operations of Woods is being recruited and will be named soon.

“Woods Memorial and Athens Regional share a vital commitment to quality care and to our patients and neighbors in McMinn and surrounding counties,” said Workman. “Together, as part of a common system, we can better coordinate our services and partner to make our community healthier. I’m excited to bring our teams together to find ways to expand the healthcare services we can offer and strengthen and grow our operations for the future.”

LifePoint’s hospital campuses in Tennessee include Crockett Hospital in Lawrenceburg, Hillside Hospital in Pulaski, Livingston Regional Hospital in Livingston, Southern Tennessee Medical Center in Winchester, Emerald-Hodgson Hospital in Sewanee, and HighPoint Health System with four facilities in Gallatin, Trousdale and Carthage.

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