Iredell Health System Officially Purchases Davis Regional Psychiatric Hospital, Davis Regional Medical Center
Effective Oct. 1, 2024, Iredell Health System has officially purchased Davis Regional Psychiatric Hospital and Davis Regional Medical Center from subsidiaries of Community Health Systems, Inc. (NYSE: CYH).
The building, located on the east side of Statesville, will now be known as the Iredell Davis campus. The psychiatric component of the facility has been renamed Iredell Davis Behavioral Health Hospital.
Iredell Health announced its intent to purchase Davis on Aug. 16 of this year, pending regulatory approvals. Since that time, the two organizations have worked together to prepare for the transaction to close, including transitioning Davis employees to become employees of Iredell Health.
Iredell Health System intends to keep the psychiatric facility open and plans to expand services at the Davis location will be determined at a later date. Should acute care services be added to the facility in the future, it will be known as Iredell Davis Medical Center.
“We will extensively evaluate our community’s healthcare needs as we consider what the best course of action will be for the Davis facility,” said John Green, President & CEO of Iredell Health System.
Iredell Davis Behavioral Health has 42 inpatient psychiatric beds and provides a much-needed service throughout North Carolina and the country. In 2022, 68 counties in North Carolina admitted patients to Davis for behavioral health needs.
“We recognize the critical need for behavioral health services in our area — and throughout all of North Carolina — and will strive to be a part of the solution for this crisis on a local level with Davis,” said Green, noting that adding other healthcare services to the facility may also be considered in the future. “As Iredell County continues to grow, healthcare needs will also evolve. This is an important investment in our community and allows us to continue to expand with those needs. We look forward to continuing to care for our community for many years to come while giving our citizens the opportunity to remain local to get the healthcare they need and deserve.”
Davis Regional first began in 1920, when Dr. James Davis returned to Statesville after serving in the U.S. Army. Ownership periodically changed over time. It transitioned from an acute care hospital to a behavioral health facility in the fall of 2022.
Iredell Health System was created in 1952 by a group of citizens who envisioned a hospital dedicated to the wellbeing of the community. Their vision paved the way for Iredell Memorial Hospital, a nonprofit organization, to open its doors on May 1, 1954. Over the last seven decades, the hospital has grown into a thriving health system providing comprehensive healthcare to Iredell and surrounding counties, with multiple campuses and other offsite locations. Throughout the ever-evolving healthcare landscape, Iredell Health System has adapted and led the way in Iredell County, investing in the latest technology and implementing the programs and services that the community has needed.
“We are excited to bring these two Statesville traditions together as one single healthcare entity. Doing so will provide more comprehensive, local healthcare with the combined expertise – totaling over 170 years – of both organizations,” said Green.
