This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Scott Memorial Hospital Joins Norton And LifePoint Joint Venture

Stocks in this article: LPNT

The Board of Directors of Scott Memorial Hospital, a 25-bed critical access hospital serving Scott County, Ind., and the Regional Health Network of Kentucky and Southern Indiana, a joint venture of Norton Healthcare and LifePoint Hospitals ®, today announced they have finalized the acquisition of Scott Memorial Hospital.

Under the terms of the agreement, the Norton Healthcare and LifePoint joint venture will invest $3 million in the hospital over the next five years and collaborate with Scott Memorial to strengthen the services it offers, invest in new technology, recruit needed physicians, and ensure the continuum of care for patients through specialized healthcare services provided by Norton Healthcare. Other terms of the agreement were not disclosed.

“Scott Memorial is very pleased to finalize this acquisition,” said Donna Faris, Chair of the Scott Memorial Hospital Board of Directors. “We chose Norton Healthcare and LifePoint as the best owner for Scott Memorial Hospital because of the clinical and operational resources and expertise they bring to our community as well as their commitment to quality care and the future of this hospital. We are excited about the many advantages this acquisition will bring to our patients, employees and medical staff.”

All Scott Memorial employees were offered employment at the hospital, subject to pre-employment screenings. Additionally, the services offered at the hospital will be maintained and expanded as capital investments are made in technology and new physicians are recruited. Norton and LifePoint have agreed to maintain Scott Memorial’s commitment to provide charity care. Because the Norton Healthcare and LifePoint joint venture is a tax-paying organization, the community also will benefit from new tax revenues the hospital will provide.

“Norton Healthcare and LifePoint are excited to partner with Scott Memorial to enhance care in Scott County and the surrounding areas,” said Stephan A. Williams, President and CEO of Norton Healthcare. “Together, with the hospital’s management team, employees and medical staff, we look forward to enhancing the services Scott Memorial offers and ensuring the continuum of care for its patients today and for years to come.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,387.21 -291.49 -1.65%
S&P 500 2,029.55 -27.54 -1.34%
NASDAQ 4,681.4970 -90.2660 -1.89%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs