Quorum Health Completes Transaction with Java Medical Group
Quorum Health Corporation, headquartered in Brentwood, TN, has transferred ownership of Fannin Regional Hospital to Java Medical Group, located in Nashville, TN.
Fannin Regional Hospital is a short-term acute care hospital located in Blue Ridge, GA, serving its community since 1977. It has a geographically diverse patient population that spans from Fannin County, Georgia to Polk County, Tennessee, and is designated a Medicare Dependent Hospital. Fannin primarily provides emergency, surgical and rehabilitation services to its patients.
Java Medical Group’s focused purpose of partnering with rural hospitals to reorient their business models and become financially viable will ensure that Fannin Regional Hospital can continue to provide quality healthcare for its community for generations to come.
Quorum Health Corporation engaged Juniper Advisory to proactively assist the Quorum leadership team in evaluating, structuring and negotiating the transaction. Juniper designed and managed a comprehensive market-clearing transaction, drafted information materials, helped assemble an electronic data room, coordinated due diligence visits, and assisted in the negotiation of the agreement between the parties.
About Quorum Health Corporation
Quorum Health, a for-profit system, is an operator of general acute care hospitals in the U.S. Through its subsidiaries, the company owns, leases, or operates a diversified portfolio of 14 affiliated hospitals in rural and mid-sized markets across 11 states employing about 12,000 workers.
About Java Medical Group
Java Medical Group, founded in 2017, owns several rural medical-surgical hospitals across the US. Java partners with rural hospitals to improve financial performance while delivering quality medical care. They specialize solely in owning, operating and managing rural medical hospitals. The company is focused on future strategic growth and investment to expand its footprint and address the critical healthcare of patients in rural communities.
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