Culpeper Regional Hospital and UVa Exploring Partnership

April 9, 2008

The Culpeper Regional Hospital (CRH) and the UVa Medical Center (UVaMC) are exploring a possible partnership. Both health care providers have already taken the first steps to join forces.

Under the terms of the Letter of Intent approved by the leadership of both institutions, UVaMC would receive a 49 percent interest in CRH.

“After careful consideration, Culpeper Regional Hospital approached our longtime partner UVA Medical Center about an exclusive partnership which would allow Culpeper to retain local control over its operations, but provide the strategic resources we need to better meet the healthcare needs of our community,” said Lee Kirk, President and CEO of Culpeper Regional Hospital.

Under the terms UVaMC would invest substantial capital in CRH, which would remain an independent, not-for-profit hospital with an independent board. UVAMC would have representation on the CRH Board of Trustees proportionate with its 49 percent investment. UVAMC will participate in long-term strategic decisions of CRH, through its membership of the Board.


The comments sections of Newsplex.com are designed for thoughtful, intelligent conversation and debate. We want to hear from our viewers, but we ask that you follow our rules for commenting. E-mail is required to comment on a story, but it will not be displayed with your comment. For complete rules, CLICK HERE. The Newsplex reserves the right to not post or to remove any comment.
powered by Disqus
The Charlottesville Newsplex 999 2nd Street S.E. Charlottesville, VA 22902 434.242.1919 – Main 434.220.7522 - Newsroom
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 17424214 - newsplex.com/a?a=17424214
Gray Television, Inc.