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CHI Memorial to acquire Cornerstone Medical Center and former "Hutcheson on the Parkway"

12/4/2017

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​One lesson that we have learned owning, operating and investing in businesses is that occasionally operations can fit better with partners.  These partners can offer stakeholders – such as patients, customers, employees, vendors and contractors – outstanding services to patients based upon their own infrastructure and operations within their communities as well as growth opportunities for employees. 
 
This is the case we found ourselves in with Cornerstone Medical Center and the opportunity to partner with CHI.  We are excited to announce that CHI has signed a definitive agreement to acquire Cornerstone and integrate it within its health system in Southeastern Tennessee, and now, the adjacent Northwest Georgia.
 
We expect the transaction to close by the end of 2017.  

Click here for the full article. 
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