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Affinity Health Partners acquires Martin General Hospital from Quorum Health

Press releases may be edited for formatting or style | September 20, 2021 Business Affairs
WILLIAMSTON, N.C., Sept. 17, 2021 /PRNewswire/ -- Affinity Health Partners ("Affinity"), a diversified healthcare company based in Plano, Texas, owned and managed by Frank Avignone, announced today it has signed an asset purchase agreement to acquire Martin General Hospital in Williamston, North Carolina. The anticipated close date is December 1, 2021.

Affinity manages a network of rural critical access hospitals, primary care facilities, and outpatient clinics. Joining this network will increase the continuum of care for its facilities and bring new capabilities as a rural health clinically integrated network in Martin County and surrounding areas. Affinity's mission is to provide quality care services through "Thought, Word, and Deed."

"We are dedicated to making the investments necessary to usher Martin General Hospital into a new era of health care," said Frank T. Avignone, Chairman & CEO of Affinity Health Partners. "Rural hospitals are struggling all over the country, yet they remain a vital component to the success of any small community. We look forward to working with hospital leaders, other area providers, and community members in designing a new future of integrated health services. We will continue to work with the county commission for approval as we move forward."

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Subject to customary approvals and closing conditions, the purchase is expected to be completed within the fourth quarter of 2021. At this time, Martin General will become part of its growing rural health system, which includes Washington Regional Medical Center, a 25-bed critical access hospital, and Plymouth Primary Care clinic in Plymouth—22 miles from Martin General. Affinity also has established relationships with UNC, Duke, and Vidant, which will allow them to give patients more access to specialists and services not currently available locally.

Affinity has indicated plans to keep all active employees in good standing at the time of transition, subject to the company's standard review process. Affinity is committed to employee retention, increasing employment, facility investment, and service expansion.

The acquisition is the latest transaction in Affinity's long-term strategic growth plan. Key initiatives include offering annual screenings, preventative services, outpatient surgical procedures, obstetrics/gynecological care, pediatric care, and home health monitoring for the elderly and disabled. This will create efficiencies and enable Affinity to operate across the full spectrum of care for the communities they serve.

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