New documents offer details about AU Health-Wellstar merger

AUGUSTA, Ga. (WRDW/WAGT) – We’re getting a have a look at the phrases of Augusta College Well being’s merger with Wellstar.

The merger was introduced weeks in the past, and required authorized papers outlining the merger have been filed a number of days in the past with the Georgia Lawyer Basic’s Workplace.

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The workplace launched these paperwork Wednesday, shedding gentle on the merger.

Within the merger, Wellstar will develop into the only real company member of AU Well being and could have a 40-year contract with the College System of Georgia Board of Regents.

READ THE DOCUMENTS:

Wellstar will spend practically $800 million with the deal over the subsequent 10 years, with thousands and thousands used to construct the brand new Columbia County hospital and transfer the present surgical procedure heart.

Additionally, $200 million might be used for the principle Augusta College campus.

Wellstar will even change over to the brand new state digital well being data system.

Within the first 10 years of the deal, regents have the fitting of first refusal if Wellstar tries to promote or switch its stake within the Medical Faculty of Georgia. Which means the college system will get the primary probability at buying the property.

AU Well being wished the merger after shedding $63 million total since 2017, in response to audits. The well being system has been in search of a accomplice like Wellstar since 2019.

So this deal seems like it can assist AU with its losses.

The title Wellstar might sound acquainted. The Marietta-based well being care supplier was the proprietor of Atlanta Medical Heart, which had one of many few Degree 1 trauma facilities in Georgia earlier than Wellstar instantly closed the hospital.

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