Cabell Huntington Hospital to possibly acquire St. Mary’s
Published 12:27 pm Tuesday, August 5, 2014
HUNTINGTON, WV – Cabell Huntington Hospital, Inc., and Pallottine Health
Services, Inc. are discussing a potential acquisition by Cabell
Huntington Hospital of St. Mary’s Medical Center. Both organizations
believe that combining will benefit the community by improving quality,
access and affordability in the delivery of healthcare services. They
are currently in the initial steps of a process that will occur over an
extended period of time aimed at bringing the two organizations
together.
“Cabell Huntington Hospital continuously seeks strategic partnerships
and collaborations with providers and entities to prepare for population
health management, increase access and manage the cost of health care,”
stated Brent A. Marsteller, Chief Executive Officer, Cabell Huntington
Hospital. “We are extremely excited about the potential of a close
working relationship with St. Mary’s Medical Center as we see this as
critical to delivering the highest quality care in the most cost
effective and efficient manner. In the meantime, we will continue to
operate both hospitals independently.”
“The Pallottine Sisters have worked for 90 years to make St. Mary’s
Medical Center what it is today,” stated Michael Sellards, Chief
Executive Officer, St. Mary’s Medical Center. “However, healthcare
reform has caused hospitals throughout the nation to look at ways to
meet the future challenge of healthcare. In addition, with the changing
climate of healthcare and fewer Sisters to oversee our healthcare
ministries, the Pallottine Missionary Sisters made the decision to end
their sponsorship of St. Mary’s Medical Center. We are pleased to
explore a partnership with Cabell Huntington Hospital as we believe that
by combining our complementary strengths, we can both significantly
improve our ability to meet the healthcare needs of the region, and
provide better care more efficiently.”
Cabell Huntington Hospital is a 303-bed academic medical center located
in Huntington, West Virginia. Cabell Huntington is home to the Hoops
Family Children’s Hospital and the Edwards Comprehensive Cancer Center
and cares for patients from more than 29 counties throughout West
Virginia, eastern Kentucky and southern Ohio. Opened in 1956, it is
affiliated with Marshall University Schools of Medicine, Pharmacy and
Nursing.
St. Mary’s Medical Center is the largest private employer in Cabell
County, with more than 2600 employees. At 393 beds, it is among the
largest healthcare facilities in West Virginia, with centers of
excellence in cardiac care, cancer treatment, emergency/trauma services,
neuroscience, and joint replacement.
Officials confirm possible merger.