Community Hospital issued a press release today announcing it has ended discussions to merge with Centura Health, a religious hospital management company. Community Hospital’s board of trustees has decided to stay secular and independent for now.
Here is the hospital’s statement:
“After thoughtful consideration and thorough due diligence, Centura Health and Community Hospital have agreed to discontinue merger discussions. Although this was a difficult decision and one the Community Hospital Board of Trustees (BOT) did not take lightly, the board has made the decision to remain independent. The board wants to do what is best for the hospital and the community. The entire BOT and leadership team at Community Hospital were impressed with the Centura Health organization and the great work they are doing across the state and region. Likewise, Centura leadership respects the tremendous growth and physician partnerships that have been developed by the team at Community Hospital. Both parties remain open to discussing future partnership opportunities.”