By HFT Staff

Duke Health announced that the healthcare system has signed an asset purchase agreement to acquire Lake Norman Regional Medical Center (LNRMC) and the related businesses, in Mooresville, N.C., from subsidiaries of Community Health Systems, Inc. 

With a projected closing in the first quarter of 2025, Duke’s acquisition of the 123-bed, acute-care hospital would represent a significant expansion of Duke Health clinical services outside the greater Triangle area. 

While still early in the process, both organizations are proceeding with the necessary transition planning activities to ensure that patients have seamless access to their LNRMC providers, clinics and facilities. 

LNRMC includes 24-hour emergency care, labor and delivery services, cardiology, surgical and orthopedic care and outpatient imaging center. The medical center employees and community physicians will continue to provide care and play a key role within the new organization. 

Kaufman Hall acted as the exclusive financial advisor to Duke Health. This transaction is subject to customary regulatory approvals and other closing conditions.