Hospital acquisition expected to be finalized in July
Officials at Valdosta's South Georgia Medical Center expect their buyout of cross-town Smith Northview Hospital to be finalized by mid-July.
SGMC is paying $40 million and assuming $15 million in debt.
Ameris Health Systems owns Smith Northview.
The CEO says the hospital will keep its name and both campuses will continue to run.
There's no guarantee, but he hopes Smith Northview's 600 employees will keep their jobs.
"It's my hope through consolidation we'll be able to work together to eliminate the out migration of patients and actually increase the patients in both hospitals and hopefully hire people instead of lay people off," said Sam Lewis, Ameris Health Systems CEO.
The acquisition will be finalized following the due diligence period which started Monday.
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