Appalachian Regional Healthcare to finalize purchase of Mary Breckinridge Hospital and clinics by end of month
Appalachian Regional Healthcare, Inc. (ARH) and Frontier Nursing Service, Inc. (FNS) announced today that a definitive agreement has been signed for purchase of the Mary Breckinridge Hospital, its clinics and home health agency. The purchase is expected to close at the end of the month and ARH will take over operations on September 1.
“ARH is excited to become a member of the Hyden and Leslie County communities. We look forward to continuing the legacy of Ms. Breckinridge and bringing new healthcare services to the community,” ARH President and CEO Jerry W. Haynes said.
Jane Leigh Powell, chairman of the Frontier Nursing Service Board of Governors, said the sale will ensure that Hyden and Leslie County will continue to have local access to quality healthcare.
“We are pleased to finalize this agreement with Appalachian Regional Healthcare, a longstanding and leading healthcare provider which is consistently recognized for its quality and commitment to excellent patient care,” Powell said. “We feel ARH is as committed as the FNS Board of Governors is to ensuring that quality healthcare will continue to be provided in the greater Leslie County service area.”
The FNS Board of Governors has been working with Alliant Management, a Louisville-based hospital management company, for the past year to stabilize the healthcare operation’s finances.
However, as has been the case throughout the country, a number of standalone hospitals are merging with larger healthcare systems in order to continue to be viable and sustainable. Haynes said the transaction between ARH and FNS is consistent with what is occurring in the healthcare environment today and affords Mary Breckinridge Hospital stability and the opportunity to grow the services it provides.
“It has been ARH’s longstanding mission to ensure all residents of Eastern Kentucky and Southern West Virginia have local access to the medical services they need. We are proud that Mary Breckinridge Hospital and its related healthcare services will now be a part of the ARH system and our long-term plans for the future of healthcare in Eastern Kentucky.”
Mary Breckinridge Hospital is a Critical Access Hospital providing primary care services, a fully equipped emergency room, inpatient services, state-of-art diagnostic and ancillary services, and houses the Wasson Rural Health Clinic. The hospital employs more than 160 people, making it the second largest employer in Leslie County.
Appalachian Regional Healthcare (ARH) is a not-for-profit health system serving 350,000 residents across Eastern Kentucky and Southern West Virginia. Operating nine hospitals, multi-specialty physician practices, home health agencies, HomeCare Stores and retail pharmacies, ARH is the largest provider of care and single largest employer in southeastern Kentucky and the third largest private employer in southern West Virginia.
The ARH system employs more than 4,700 employees and has a network of more than 600 active and courtesy medical staff members representing various specialties. Firmly committed to its mission of improving the health and promoting the well-being of all people in Eastern Kentucky and Southern West Virginia, in the past 12 months alone, ARH provided more than $120 million in uncompensated care for the uninsured and underinsured.
Consistently recognized for its medical excellence, the ARH system was one of two Kentucky health systems to be named earlier this year to the 2011 SDI IHN 100 listing of the most highly integrated healthcare networks in the nation, and was selected as the 2010 Outstanding Rural Health Organization in the nation by the National Rural Health Association (NRHA). Most recently, the Harlan ARH Hospital was named one of the nation’s 100 Top Hospitals® by Thomson Reuters, a leading provider of information and solutions to improve the cost and quality of healthcare.