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Prince William Health System and Novant Health Agree on Partnership to Expand Quality Healthcare in Northern Virginia
Date:3/27/2009

MANASSAS, Va. and WINSTON-SALEM, N.C., March 27 /PRNewswire-USNewswire/ -- Prince William Health System (PWHS) of Manassas, Va. and North Carolina-based Novant Health, both regional not-for-profit health systems, announced today they have signed a letter of intent to merge. The partnership will provide the resources essential to expand quality healthcare services to western Prince William County.

"We chose to affiliate with Novant because of our shared vision and commitment to high quality community-based healthcare delivery," said Michael J. Schwartz, President and CEO of Prince William Health System. "Under this exciting partnership, Prince William Health System will be able to take our tradition of clinical excellence to the next level -- by offering additional sophisticated services, expanding the number of physicians and staff in the organization and creating greater job security for our valued employees."

As part of the agreement, Novant has pledged more than $200 million to help PWHS meet the growing demands in western Prince William County, the population of which is projected to grow more than 20 percent in the next two years. The PWHS Board of Trustees studied 20 potential partners using a thorough process that culminated in the decision to join Novant. PWHS and Novant will participate in a comprehensive mutual review process during the next several months to complete the structure and details of the partnership, as well as any necessary regulatory approvals. The process should be completed by Fall of 2009.

"It has been clear to Novant from the start of this process that Prince William has a very strong commitment to serving its community with the highest quality of care for patients," said Paul Wiles, President and CEO of Novant Health. "We are thrilled to be partnering with an organization which shares our values for improving health of its residents, including those most in need during suc
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SOURCE Prince William Health System
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