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Novant officially acquires New Hanover hospital, establishes third N C hub

Novant Health Inc. on Monday completed its acquisition of New Hanover Regional Medical Center in Wilmington for a reported $5.3 billion. Courtesy of New Hanover Regional Medical Center Novant Health Inc. completed Monday its $5.3 billion acquisition of New Hanover Regional Medical Center, establishing a third major operational hub in North Carolina. The announcement comes 11 days after Josh Stein, the state s attorney general, said he would not object to the deal — the final anti-trust  regulatory approval required. Novant received final approval Oct. 5 by a 4-1 New Hanover Board of Commissioners vote to acquire the 59-year-old health-care system through an asset purchase. Throughout this process, Novant Health has been confident in the tremendous benefits this partnership would bring to the community, Carl Armato, Novant s chief executive and president, said in a statement.

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