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Halifax News

FOR IMMEDIATE RELEASE
10/12/2012 3:00:00 AM EASTERN
Updated: 10/12/2012 3:48:50 PM EASTERN
For more information, contact Olivia Epps.
HRHS announces plans to merge with Sentara Healthcare

- New partnership will help hospital meet the healthcare needs of the community today and into the future -

The 36-member Board of Directors of Halifax Regional Health System (HRHS) unanimously agreed to enter into a merger agreement with Sentara Healthcare (Sentara). HRHS encompasses a 192-bed hospital, three long-term care facilities comprising 348 beds, including The Woodview, Seasons at The Woodview and MeadowView Terrace, Halifax Home Health and Halifax Regional Hospice, and the Physician Hospital Enterprise. Merging with Sentara will strengthen HRHS’s physician and staff recruitment and retention efforts, enhance computer and technology upgrades, clinical services expansion and quality improvement initiatives and enable the purchase of expensive supplies and equipment at a lower cost – among many additional benefits.

“Sentara is an excellent health system with a solid reputation for providing outstanding services to its patients. We are thrilled to partner with this outstanding organization to ensure HRHS can continue to meet the healthcare needs of our community and region and offer even more services than before,” said David H. White, Jr., Chairman of the HRHS Board of Directors.

The HRHS Board of Directors, which includes ten physicians and the Executive Leadership Team, has been studying healthcare trends, talking with industry experts and colleagues, and exploring partnership and affiliation options for over 18 months before deciding to merge with Sentara. Hospitals across Virginia and the country are increasingly looking for relationships with one another as a means to share or reduce costs, increase the variety of clinical services they offer and ensure the long-term mission of the organization is achieved. Halifax Regional Health System is one of only seven independent hospitals remaining in Virginia.

Within the ever-changing healthcare environment, HRHS has, since 1953, adapted, innovated and changed to meet the healthcare needs of our community. This partnership with Sentara will enable HRHS to achieve the long-term mission and preserve core values of the organization for generations to come.

 “After more than 18 months of considering a number of strategic partnerships, we were presented with an opportunity to secure the long-term success of our health system and enhance the services offered to our community and region by merging with Sentara. We knew it was a positive step we should take,” said Chris A. Lumsden, CEO of HRHS. “We couldn’t sit idly by watching trends in the healthcare industry and not thoughtfully examine ways to strengthen our outstanding health system. Sentara is an exceptional organization that has an excellent reputation inside and outside Virginia. We are convinced our merger with Sentara will be positive and yield long-term benefits to both organizations and to the patients we serve.”

Sentara operates more than 100 sites of care serving residents across Virginia and northeastern North Carolina. The system is comprised of 10 acute care hospitals, including seven in Hampton Roads, one in Northern Virginia, and two in the Blue Ridge region, advanced imaging centers, 10 nursing and assisted-living centers, outpatient campuses, a statewide home health and hospice agency, a 3,680-provider medical staff, and three medical groups with 618 providers. They have been recognized by many state and national organizations for their work, including consistently being ranked as one of the top Most Integrated Healthcare Systems in the nation by SDI Health and Modern Healthcare magazine. Sentara’s Heart Hospital/Sentara Norfolk General Hospital achieved “Top 50” ranking in the annual U.S. News & World Report “America’s Best Hospitals” issue.

 "We are honored Halifax Regional Health System has selected Sentara as its partner," said David Bernd, CEO of Sentara Healthcare. “Halifax Regional Health System is highly regarded as a community resource and known for its exceptional customer service.”

Bernd continues, "As an organization that values continuous learning, Sentara anticipates gaining insights on serving rural communities from the Halifax team.”

 Over the next few months, HRHS will work with Sentara to undergo a due diligence phase as well as a regulatory review before completing the merger. It is expected the Definitive Agreement will be signed and final closing will occur by early spring.

 To learn more about Halifax Regional Health System visit www.hrhs.org, and to learn more about Sentara Healthcare visit www.sentara.com.


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