Navicent’s assertion says the influence of COVID-19 gave the 2 hospital programs second ideas about their plans
MACON, Ga. — After three years of courtship, Atrium Well being Navicent and Houston Healthcare have canceled the marriage and agreed to go their separate methods.
Central Georgia’s two largest healthcare teams have agreed to cease pursuing a proposed “strategic mixture,” in keeping with a press release from Navicent.
They have been speaking concerning the partnership since a minimum of 2018, when Houston Healthcare COO Charles Briscoe stated, “It isn’t a sale and never a merger.”
At the moment, Houston CEO Roy Watson stated, “Like many standalone neighborhood well being programs, our monetary system is not so good as it as soon as was. We have arrived at a degree the place we should be part of with a associate to be able to retain to viability and longevity of our hospital.”
The 2 teams stated Navicent had agreed to spend a minimum of $125 million over 10 years within the Houston Medical service space, on issues like tools alternative, hiring surgeons and upgrading services.
They stated Houston Medical’s services would nonetheless be run domestically and no layoffs have been deliberate, however on Thursday, Atrium Well being Navicent launched a press release saying the 2 sides agreed to stroll away from their talks.
Atrium Well being Navicent stated, “The yearlong influence of the unexpected COVID-19 pandemic induced each organizations to reevaluate the parameters of the settlement, and we agreed it was in each of our pursuits to step away from the mixture course of.”
Based on their most up-to-date stories on-line, Atrium Well being Navicent has greater than 5,000 staff, Houston Healthcare greater than 2,300.