ARH and KentuckyOne reach definitive agreement for purchase of Saint Joseph Martin hospital and clinics
Appalachian Regional Healthcare (ARH) and KentuckyOne Health announced today that a definitive agreement has been signed for the purchase of Saint Joseph Martin and its four rural health clinics in Floyd County.
The purchase is expected to close by June 30th and ARH will take over operations of the facilities on July 1st.
The 25-bed Saint Joseph Martin hospital will operate under the new name, ARH Our Lady of the Way Hospital, and will become the 12th member of the ARH system, which is consistently recognized for medical excellence and covers communities throughout southeastern Kentucky and southern West Virginia.
ARH President and CEO Joe Grossman said ARH looks forward to building on the hospital’s rich history of providing state and nationally recognized quality care since 1947. Grossman said incorporating a return to the hospital’s original name, Our Lady of the Way Hospital, is a way to continue that legacy while also affirming ARH’s commitment to the hospital’s growth and plans to bring new services to the community.
“As the region’s largest integrated health system, it has been ARH’s longstanding mission to provide all residents of eastern Kentucky and southern West Virginia with local access to the medical services they need, whether that be primary care, home health, or more specialized services such as cancer care and open-heart surgery. Bringing Saint Joseph Martin into the ARH system will allow ARH to offer these very important healthcare services to even more residents throughout eastern Kentucky,” Grossman said. “We are proud that the Saint Joseph Martin team will now be a part of the ARH system and our long-term plans for the future of healthcare in Eastern Kentucky.”
“KentuckyOne Health is pleased with the transfer of ownership and operation of Saint Joseph Martin to Appalachian Regional Healthcare. From the beginning of our discussions with ARH, we have been confident they have the in-depth knowledge and experience to serve the Martin community for the future. Its vision for the future ensures a continued commitment to Martin through engaging clinical care providers, employees and community partners,” said Kathy Stumbo, president, Saint Joseph Martin. “With a legacy in Eastern Kentucky and a close connection to members of this community, Appalachian Regional Healthcare has a commitment to excellence in health care and support of physicians and employees delivering quality care.”
Saint Joseph Martin
, part of KentuckyOne Health, is a 25-bed critical access facility located in the beautiful Appalachian Mountains of eastern Kentucky. The hospital first opened in 1947 and serves the people of Floyd and surrounding counties. In addition to the hospital, Saint Joseph Martin operates four rural health clinics – Betsy Layne Clinic, Martin Clinic, Seton Family Health Center and Wheelwright Family Health Center.
Appalachian Regional Healthcare
(ARH) is a not-for-profit health system currently operating 11 hospitals in Barbourville, Hazard, Harlan, Hyden, McDowell, Middlesboro, West Liberty, Whitesburg and South Williamson in Kentucky and Beckley and Hinton in West Virginia, as well as multi-specialty physician practices, home health agencies, home medical equipment stores and retail pharmacies. ARH employs nearly 5,000 people with an annual payroll and benefits of $330 million generated into our local economies. ARH also has a network of more than 600 active and courtesy medical staff members. ARH is the largest provider of care and single largest employer in southeastern Kentucky and the third largest private employer in southern West Virginia, and is consistently recognized for its medical excellence.
, part of Catholic Health Initiatives, is one of the largest and most comprehensive health systems in the Commonwealth, and includes hospitals, physician groups, clinics, primary care centers, specialty institutes and home health agencies in Kentucky and southern Indiana. KentuckyOne Health is dedicated to bringing wellness, healing and hope to all, including the underserved.