Why did we decide to form a strategic combination with another health system?
Like most health systems, we’re experiencing increased pressures, and these challenges will continue to grow in the future. For two years, our board and executive team have carefully evaluated the challenges ahead and asked: “How should Floyd be positioned to be better able to serve our communities that need us, and thrive despite the challenges that face us?” This process led us to Atrium Health.
Why did we select Atrium Health?
Because of its mission, its commitment to all patients, its industry-leading best practices, its success and vision, and its desire to invest in and help further Floyd, while also preserving our ability to make local decisions.
How will the community benefit?
This strategic combination will help continue Floyd’s success through additional resources and investments that will ensure that the community can count on Floyd as their health care provider for generations to come.
- Atrium Health has pledged to invest $650 million in capital for Floyd over the next 11 years to enhance our capabilities, skills and talent, facilities and technology.
- As part of the combination and capital commitment, Atrium Health will invest $80 million in support of Floyd Healthcare Foundation to provide additional resources to impact health disparities, indigent care, health needs and social determinants in the region.
- We will achieve efficiencies from Atrium Health’s integrated network of 39 hospitals, along with a shared knowledge base of similarly aligned mission-driven health care professionals.
When will this agreement be finalized?
We are only at the start of this exciting journey. Our agreement is subject to regulatory approvals by state authorities and is expected to be completed by the end of 2020.
Where can I find out more?
Visit www.floydandatrium.org for more information and answers to Frequently Asked Questions.