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Novant Health strikes $320M deal to buy Lake Norman Regional, Davis Regional hospitals

MOORESVILLE, N.C. — Novant Health is acquiring Lake Norman Regional Medical Center in Mooresville and Davis Regional Medical Center in Statesville from subsidiaries of Community Health Systems Inc.

The $320 million acquisition, which is subject to regulatory approvals, includes physician clinic operations and outpatient services owned by Franklin, Tennessee-based Community Health Systems.

“Our shared commitments to the community will continue to anchor our efforts and plans as we deliver exceptional, patient-centered experiences; protect safety and quality; improve community health; and promote equitable access to care,” said Carl Armato, president and CEO of Winston-Salem-based Novant Health, in a news release.

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