North Carolina’s attorney general approved hospital giant HCA Healthcare’s $1.5 billion acquisition of Asheville, N.C.-based Mission Health on Wednesday, after nabbing commitments from HCA meant to protect the state’s healthcare industry.
“Access to healthcare is truly a life or death issue,” North Carolina Attorney General Josh Stein said in an announcement. “We kept that fact in mind as we conducted our review of this transaction. After extensive negotiations, I am satisfied that this new agreement protects healthcare in western North Carolina, ensures that the full value of Mission’s assets will continue to be used for public purposes, and requires that the Dogwood Health Trust will be independent and representative.”
Stein said Nashville, Tenn.-based HCA also agreed to enforcement measures that allow the attorney general’s office to pursue legal action if the hospital system breaks its commitments, which include providing services at local hospitals for at least 10 years, building new N.C. facilities, and supporting community service programs that Mission supports.
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