TCRHTwin County Regional Hospital (Galax, VA)
TCRHTwin County Regional Healthcare (Galax, VA)
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The newly formed joint venture is designed to strengthen TCRH for the future while giving the hospital the resources it needs to enhance the medical services offered in its communities.
Under the terms of the final agreement, financial details of which were not disclosed, Duke LifePoint owns 80% of TCH and its assets while TCRH retains a 20% ownership stake.
Duke LifePoint will invest USD20m in capital improvements at the hospital over the next ten years, retained assets and proceeds from the transaction are expected to remove TCRH's debt.