(Joplin, MO) – Freeman Health System announced it has entered into a purchase agreement with a subsidiary of Community Health Systems, Inc. (NYSE:CYH) to acquire Northwest Health in Northwest Arkansas, including its four hospitals – Northwest Medical Center – Bentonville, Northwest Medical Center – Springdale, Northwest Medical Center – Willow Creek Women’s Hospital, and Siloam Springs Regional Hospital – along with associated outpatient centers and practices. The transaction, which is subject to customary regulatory approvals and closing conditions, is expected to be finalized in the second quarter this year, pending customary regulatory approvals and closing conditions.
“This is a meaningful moment for Freeman and the communities we serve,” said President and CEO of Freeman Health System Matthew Fry. “While this marks our first expansion into Arkansas, it is a natural extension of our longstanding regional presence. Northwest Health has a long history of caring for its communities, and we are honored to continue that legacy while bringing forward Freeman’s commitment to compassionate, community-focused care.”
There will be no disruption to patient care during the transition, and both organizations are working closely together to ensure a smooth, thoughtful process for employees, providers, and patients.
More information will be shared closer to the completion of the transaction. Updates will be shared online here.
About Freeman Health System
Locally owned, not-for-profit and nationally recognized, Freeman Health System includes Freeman Hospital West, Freeman Hospital East, Freeman Neosho Hospital and Ozark Center — the area’s largest provider of behavioral health services — as well as two urgent care clinics, dozens of physician clinics and a variety of specialty services. In 2020, Freeman earned dozens of individual awards for medical excellence and patient safety from CareChex®, a quality rating system that helps consumers evaluate healthcare providers. U.S. News & World Report named Freeman Health System the Best Hospital in Southwest Missouri for 2020. With more than 320 physicians on staff representing more than 80 specialties, Freeman provides cancer care, heart care, neurology and neurosurgery, orthopaedics, children’s services and women’s services. Additionally, Freeman is the only Children’s Miracle Network Hospital in a 70-mile radius. For more information, visit freemanhealth.com.
Reference:
Kevin McClintock, Media Relations Coordinator
Freeman Health System
417.434.3458
KSMcclintock@freemanhealth.com
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