West Virginia hospital plans to join Mountain Health Network
HUNTINGTON, W.Va. (AP) — A West Virginia hospital plans to join the Mountain Health Network in a deal that includes $39 million in investment over the next five years, officials said of health.
The agreement announced Thursday is the first step towards the acquisition of Pleasant Valley Hospital in Point Pleasant by Cabell Huntington Hospital and allowing the 101-bed nonprofit hospital to become part of the health network that includes also St. Marys Medical Center in Huntington, Mountain Health said. in a press release.
Pleasant Valley was already under a management services contract in 2013 with Cabell Huntington.
The latest deal calls for Cabell Huntington to invest $25 million in Pleasant Valley. This includes an upgrade to its information technology platform, renovations to the emergency department, additional physician recruitment programs and physician residency training in partnership with Marshall University Joan C. Edwards School of Medicine and Marshall Health.
In addition, Pleasant Valley will contribute approximately $14 million that Cabell Huntington will use for capital improvement projects at the hospital, according to the release.
“With so many positive changes in Mason County and surrounding areas, now is the time for Pleasant Valley Hospital to take the next step with Mountain Health Network to advance our future by caring for our community,” said Pleasant Valley Board Chairman Peter Allinder. the statement.
Mountain Health CEO Kevin Yingling said the goal of the agreement is to ensure access to advanced medicine and compassionate care for residents served by Point Pleasant Hospital in West Virginia and the ‘Ohio.