JOPLIN, Mo. (KOAM) – Freeman Health System 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 and affiliated outpatient centers and practices. The transaction is expected to close in the second quarter of this year, subject to customary regulatory approvals and closing conditions.
The deal includes Northwest Medical Center – Bentonville, Northwest Medical Center – Springdale, Northwest Medical Center – Willow Creek Women’s Hospital, and Siloam Springs Regional Hospital. “This is a meaningful moment for Freeman and the communities we serve,” said Freeman President and CEO 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.”
Freeman Health System, a not-for-profit provider offering more than 80 specialties at over 30 points of care, says the acquisition supports its Freeman Forward strategic plan to expand access, support caregivers, and invest in clinical excellence across the Four-State region. Officials emphasized there will be no disruption to patient care during the transition as both organizations coordinate closely with employees, providers, and patients.
Additional details will be shared as the closing approaches. Updates will be available at www.freemanhealth.com/northwesthealth.
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