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Cabell Huntington Hospital, Inc., and Pallottine Health Services, Inc. are discussing a potential acquisition by Cabell Huntington Hospital of St. Mary’s Medical Center. Both organizations believe that combining will benefit the community by improving quality, access and affordability in the delivery of healthcare services. They are currently in the initial steps of a process that will occur over an extended period of time aimed at bringing the two organizations together.
“Cabell Huntington Hospital continuously seeks strategic partnerships and collaborations with providers and entities to prepare for population health management, increase access and manage the cost of health care,” stated Brent A. Marsteller, Chief Executive Officer, Cabell Huntington Hospital. “We are extremely excited about the potential of a close working relationship with St. Mary’s Medical Center as we see this as critical to delivering the highest quality care in the most cost effective and efficient manner. In the meantime, we will continue to operate both hospitals independently.”
“The Pallottine Sisters have worked for 90 years to make St. Mary’s Medical Center what it is today,” stated Michael Sellards, Chief Executive Officer, St. Mary’s Medical Center. “However, healthcare reform has caused hospitals throughout the nation to look at ways to meet the future challenge of healthcare. In addition, with the changing climate of healthcare and fewer Sisters to oversee our healthcare ministries, the Pallottine Missionary Sisters made the decision to end their sponsorship of St. Mary’s Medical Center. We are pleased to explore a partnership with Cabell Huntington Hospital as we believe that by combining our complementary strengths, we can both significantly improve our ability to meet the healthcare needs of the region, and provide better care more efficiently.”
Cabell Huntington Hospital is a 303-bed academic medical center located in Huntington, West Virginia. Cabell Huntington is home to the Hoops Family Children’s Hospital and the Edwards Comprehensive Cancer Center and cares for patients from more than 29 counties throughout West Virginia, eastern Kentucky and southern Ohio. Opened in 1956, it is affiliated with Marshall University Schools of Medicine, Pharmacy and Nursing.
St. Mary's Medical Center is the largest private employer in Cabell County, with more than 2600 employees. At 393 beds, it is among the largest healthcare facilities in West Virginia, with centers of excellence in cardiac care, cancer treatment, emergency/trauma services, neuroscience, and joint replacement.