Kay Harris wrote for the VDT yesterday, SGMC acquisition of Smith Northview official:
Beginning today, Smith Northview is an official campus of South Georgia Medical Center.Yeah, well, he’s paid to say that. I say it’s a sad day. First Smith Hospital moved from Hahira Continue readingOfficials from the Hospital Authority of Valdosta-Lowndes County and Ameris Health Systems gathered Wednesday at SGMC to sign the paperwork together to finalize the sale.
SGMC purchased Smith Northview for $55 million, with no assumption of debt. Hospital Authority Attorney Walter H. New said the purchase was financed through an 18-month bridge loan, which is anticipated to be paid in full in December when SGMC is expected to have a $100 million bond issue to pay for current and future projects on the main hospital campus.
Interim CEO for Smith Northview, Shamb Purohit, said, “This is a wonderful moment and we need to celebrate it.”