Spartanburg Regional Healthcare System’s purchase of Mary Black Health System became official on Jan. 1.
The acquisition includes the 207-bed Mary Black Hospital in Spartanburg and the 125-bed facility in Gaffney, as well as Mary Black’s physician offices and outpatient services, according to a news release. Financial terms of the purchase were not disclosed.
The unified system will encompass more than 400 physicians and 100 physician offices, the news release said. It will employ almost 9,000 people and manage six hospitals in Spartanburg, Cherokee and Union counties. Spartanburg Regional and the system that owned Mary Black Health System announced the deal in October.
Over the past several years, Spartanburg Medical Center has continued to experience increased demand for inpatient services and had planned to address capacity management by building an additional $200 million bed tower, according to the news release. However, the acquisition provides a solution that will not take the eight to 10 years anticipated to build the tower, the release said.