State Approves Reynolds Memorial Hospital Acquisition
The West Virginia Health Care Authority has approved West Virginia United Health System's $15 million acquisition of Reynolds Memorial Hospital in Glen Dale.
The Intelligencer reports Reynolds officials announced in February that a letter of intent had been issued to join the Morgantown-based health system. The hospital and the health system signed a management agreement that took effect Feb. 26.
Now, the acquisition is approved.
Reynolds CEO Dr. Davis Hess says the change will ensure the health of the community and of the 90-bed acute care facility.
The West Virginia United Health System, anchored by Ruby Memorial Hospital in Morgantown, is a statewide health system including seven hospitals with 1,450 licensed beds, 12,000 employees, 900 active medical staff and 18 related organizations.