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UNC Health Care to buy Chatham Hospital

Raleigh News & Observer, July 17, 2008

Representatives of the UNC Health Care System and Chatham Hospital have signed a letter of intent for UNC Health Care to buy the 25-bed hospital for $11.3 million. UNC Health Care has worked closely with Chatham Hospital for 10 years and has managed it since 2006, according to a release. Under the terms of the letter of intent, UNC Health Care would acquire 100% control of Chatham Hospital and its assets by becoming the hospital's sole corporate member. Chatham Hospital would remain a separate, private, not-for-profit hospital, and all current liabilities and long-term debt of Chatham Hospital will remain in place.