WOODBRIDGE, Va. and NORFOLK, Va., June 26, 2009 – Potomac Hospital of Woodbridge, Va., and Sentara Healthcare, based in Norfolk, Va., announced today they have signed a letter of intent to merge. The partnership between the two not-for-profit institutions will provide the resources essential to continue to offer quality healthcare services to eastern Prince William County and the surrounding area.
"Potomac Hospital and Sentara share a vision of providing high quality, community-based hospital care," said William M. Moss, President and CEO of Potomac Hospital. "These past few years have been a period in which many hospitals, including Potomac, have experienced economic difficulties. This new partnership will safeguard our ability to deliver valuable healthcare services to the Prince William community.”
As part of the agreement, a community health foundation will be established to help address the unmet medical needs of Prince William area residents and to support Potomac Hospital. Sentara will safeguard Potomac Hospital’s future with investments in healthcare infrastructure to meet the needs of a growing community and assure delivery of quality services.
“Our two systems share a not-for-profit mission and a commitment to clinical excellence,” says David L. Bernd, CEO of Sentara Healthcare. “We should fit together very well. We look forward to working with Potomac’s physicians, hospital staff, volunteers and community.”
The Potomac Hospital Foundation Board of Directors considered 29 potential partners using a thorough process that began in February of this year.
During the next several months, Potomac and Sentara will work together to finalize the details of the partnership and to meet regulatory requirements outlined by the Federal Trade Commission and the Virginia Attorney General.
“A partnership with Sentara is important for Potomac Hospital’s future,” stated Marion Wall, Chairman, Potomac Hospital Foundation Board of Directors. “By relieving some of the recent economic pressures that hospitals like ours have been experiencing, we can better ensure that Potomac will continue to provide a place to find a rewarding and challenging career, a satisfying volunteer experience and, most importantly, a source for expert healthcare in the Prince William area. This partnership will also allow Potomac to continue pursuing new medical services and technologies to help deliver cutting-edge care to area residents.”
“Market growth allows Sentara to continue offering the broad range of community benefits we have always provided as part of our not-for-profit mission,” says David L. Bernd, CEO of Sentara Healthcare “One important goal of our Strategic Plan is to add tangible value to the communities we serve and we look forward to being part of the Potomac Hospital family.”
Potomac Hospital opened in 1972 as a result of a grassroots fundraising effort led by local residents and business leaders who recognized a need for hospital services in their growing community in the Virginia suburbs of Washington, D.C. Since then, Potomac Hospital has grown from a small facility to a 183-bed institution offering a wide range of medical specialties, including da Vinci® robotic-assisted surgeries, an American College of Surgeons Commission on Cancer accredited Cancer Program, and a Weight Loss Surgery Center that is designated a Center of Excellence by the American Society for Metabolic and Bariatric Surgery. Potomac is accredited by The Joint Commission and other organizations that recognize quality in healthcare.
Sentara Healthcare is acknowledged as a leader in patient safety and quality care innovation, which continues with the multi-year implementation of Sentara eCare®, a comprehensive electronic medical record. Founded in 1888 as the Retreat for the Sick in Norfolk, Virginia, Sentara has been ranked for more than a decade among the nation’s top 10 most integrated healthcare systems by Modern Healthcare magazine. Sentara, a not-for-profit health system, operates more than 100 sites of care in Virginia and North Carolina including seven hospitals, rehabilitation and advanced imaging centers, ambulatory campuses and a 380-member medical group, home care and hospice services, medical transport ambulances and the Nightingale Regional Air Ambulance. Optima Health, Sentara’s award-winning health plan serves 380,000 members. Learn more About Sentara.