Officials with Princeton Community Hospital announced they will acquire Bluefield Regional Medical Center later this year.
Both hospitals are located in Mercer County, about 14 miles apart.
According to a news release, the PCH board of directors approved the agreement Thursday. The transfer is expected to be completed later this year.
The signed agreement will not immediately affect the day-to-day operations of BRMC, the release said, and both organizations plan to work together to ensure a smooth transition to new ownership.
“Through the next few months, we will evaluate these options and collaboratively identify the best path that assures patients in our primary and secondary service areas are provided the highest quality health care they have come to expect,” PCH Chief Executive Officer Jeffrey E. Lilley said.
Lilley added, “The agreement includes a commitment to hire substantially all employees in good standing when the transaction is complete.”
Bluefield Regional, a 92-bed facility with 70 active physicians, is owned by subsidiaries of Community Health Systems Inc. in Franklin, Tennessee.
“We believe that the acquisition of BRMC will enable us to build upon and further modernize the quality of health care we provide to our patients and continue to enhance the service lines available to the region,” Lilley said.
Calls to Princeton Community Hospital were not returned. Hospital officials plan to release additional details of the pending acquisition once available, according to the release.