Union Health to acquire Terre Haute Regional Hospital
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Union Health in Terre Haute on Wednesday announced an agreement to acquire Terre Haute Regional Hospital. While financial terms were not immediately disclosed, the parties said the deal includes the hospital’s related businesses, physician clinic operations and outpatient services.
Union Health and Terre Haute Regional Hospital issued a joint news release Wednesday that stated the 278-bed hospital at 3901 South 7th Street “will continue operations with no intention of interruptions throughout the transition.”
“We are grateful for what the future holds as Regional team members join Union Health in serving the Wabash Valley,” Union Health CEO Steve Holman said in the release. “Regional has a long standing and positive presence in our community and, together, we are excited about the opportunity to further improve access to innovative, quality health care in order to lead our community members to their best health and wellness.”
Union Health said a team from its human resources department will work with hospital employees to begin answering transition questions and extending job offers.
In an email obtained by our partners at WTWO-TV, Holman said there is “no intent” to lay off any employees or close the hospital.
Union Health employs more than 3,000 people, according to its website. The health system operates hospitals in Terre Haute and Clinton, as well as Union Medical Group.
The deal must now receive regulatory approval. The parties said once approval is received, they will begin the integration process immediately.
The announcement comes nearly two years after Union Health said it was in “preliminary conversations” with Terre Haute Regional Hospital, though an acquisition was not specifically mentioned.