Randolph Health Updates
An Update on Our Journey to Secure Randolph County’s Health Care Future
The Board of Directors and the leadership team at Randolph Health announced today that American Healthcare Systems’ bid to acquire substantially all of Randolph Health’s operating assets has received bankruptcy court approval and will continue moving through appropriate regulatory proceedings. The approval of American Healthcare Systems’ successful bid, which was announced on October 8, comes after a mandatory waiting period following an auction for Randolph Health as part of the bankruptcy process. The agreement with American Healthcare Systems will keep the hospital open, ensuring continued local access to health care services in Randolph County while preserving the jobs of Randolph Health employees.
With roots and experience in health care management, American Healthcare Systems’ leadership understands the need to maintain quality health care services close to home and has extensive experience in implementing processes that improve finances and support operations while delivering quality care. American Healthcare Systems founder, Mike Sarian, is a longtime health care executive with a track record of success focusing on the revival of healthcare facilities in distressed financial situations.
The commitments in the agreement with American Healthcare Systems achieve Randolph Health’s goal of securing local access to health care into the future. With final approval through the bankruptcy process, the agreement will provide the ability to:
- Ensure ongoing local access to high-quality health care services in Randolph County, including a sustainable acute-care hospital with an appropriate number of licensed inpatient beds and other services that are essential to our community’s health.
- Provide important services that are currently offered at Randolph Health, including labor and delivery, emergency care, inpatient services, outpatient services, imaging, surgical care, home
- health, primary care, specialty care, services provided at Randolph Cancer Center and StayWell Senior Care, and more.
- Provide a smooth transition to help ensure patients continue to experience the same great care from the same providers and caregivers they have today.
- Protect jobs and continue to invest in the development of our employees and providers. All current Randolph Health employees and employed physicians would be offered the opportunity to be employed by the new organization.
- Provide the ability to keep local input and oversight. The proposed agreement assures that a new Randolph Health Board of Directors would include representatives from Randolph County government.
- Ensure the long-term viability of Randolph Health by financially investing in improving resources and equipment.
Randolph Health has also been working closely with the leaders of Randolph County and the City of Asheboro to help secure the future of the hospital. This work is particularly important because of Randolph County’s opportunity to access funds through the Rural Health Care Stabilization Act (RHCSA). The RHCSA establishes a dedicated fund for eligible financially distressed hospitals to transition to sustainable, efficient and appropriately sized health care service models.
The $20 million available for capital improvement and operational needs through the RHCSA is a necessary piece in helping to ensure continued access to local health care. As a result of American Healthcare Systems’ successful bid to acquire substantially all of Randolph Health’s operating assets, the Randolph County Commissioners will hold a hearing on Monday, October 26 to consider updating the County’s application to access the RHCSA funds available through the State of North Carolina to reflect this important development in Randolph’s process.
While this agreement progresses through the necessary next steps, it is important to note that nothing changes today. Randolph Health – including all services and clinics – remains open and will continue to operate as usual. Patients will continue to see the physicians and providers and access services as they do today. Randolph Health remains focused on protecting access to quality health care in Randolph County and to promoting the health and wellness of the community for generations to come. The goal is to finalize the purchase of Randolph Health by no later than the first quarter of 2021.