The NorthCrest Health senior leadership and Board of Trustees last week announced they are considering a potential partnership with TriStar Health, an affiliate of HCA Healthcare.
The two organizations have signed a non-binding letter of intent and are progressing through a due diligence period, which allows both parties to evaluate a potential transaction whereby NorthCrest Health would join the TriStar Health family.
“Today is an exciting moment for NorthCrest, as we look forward to how we will ensure quality healthcare services for generations to come,” said Randy Davis, president and CEO of NorthCrest Health. “As we evaluated all our options to provide quality services while meeting the needs of our community, TriStar Health has shown the capacity to not only sustain services but also grow our care delivery network.”
Between its clinics and NorthCrest Medical Center, NorthCrest Health annually treats more than 72,000 patients, while admitting more than 27,000 patients through the emergency department and delivering more than 600 newborns every year. Those numbers continue to grow year after year.
The announcement is part of the Board of Trustee’s ongoing strategic planning to determine how best to meet the increasing healthcare needs of Robertson County and the surrounding region for years to come.
“NorthCrest Health is a vital part of our community and the importance of the healthcare services we provide has been magnified this year by the COVID-19 pandemic,” said Amy Gallagher, chairman of the NorthCrest Health Board of Trustees. “In our work to continually prepare for the future, we deliberately set out on this journey to explore our options and identify a partner that would enhance healthcare in our community.
“The pandemic further underscored a goal of the Board: find a potential partner with the expertise and resources to build on what we have now and take NorthCrest forward into the future in a way that helps our hospital and our people to thrive in ways beyond what we can achieve on our own.”
NorthCrest Medical Center was originally funded through bonds co-signed by Dr. Thomas Frist, Sr., founder of HCA Healthcare, and was managed by HCA Healthcare until 2005. While under HCA Healthcare management, the hospital identified the community need for a cardiac catherization lab and a larger emergency department to provide critical services to the area.
“Our unique relationship with NorthCrest Health is one that is rooted in deep history and a shared commitment to the care and improvement of human life,” said Heather Rohan, HCA Healthcare TriStar Division president. “NorthCrest Health’s dedication to serving the community reflects the same guiding principles as TriStar Health and we look forward to our continued collaboration in this process.”
As the organizations move through a due diligence process, more updates will be provided, as available, in the weeks ahead. To learn more about this potential partnership, please visit www.northcrest.com.