CHARLESTON, W.Va . (WSAZ) – West Virginia Governor Patrick Morrisey shared today the sale of West Virginia’s four state-owned long-term care facilities has been finalized.
The $60 million dollar sale includes Hopemont Hospital, Jackie Withrow Hospital, John Manchin Sr. Health Care Center, and Lakin Hospital.
Marx Development Group (MDG) will now take over ownership with MDG subsidiary Majestic Care taking over operations.
All employees at those four long-term care facilities were allowed to continue their employment under the new ownership while receiving the same compensation and tenure.
MDG has also committed $80 million dollars to make major investments in West Virginia by building at least three new long-term care facilities.
“This marks an important milestone in our work to strengthen healthcare services and modernize the state’s operations,” said Governor Morrisey.
Before the sale, the state-operated facilities were running at a loss of about $6 million per year, with future costs projected to continue rising from the current level of around $40 million per year.
“From the very beginning, this process has been about one thing: providing better, more consistent, and higher-quality care for West Virginians who rely on these facilities,” said Governor Morrisey.
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