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American Health Systems' Takeover of North Carolina System Advances

Submitted by jhartgen@abi.org on

Randolph Health, a bankrupt single-hospital system based in Asheboro, N.C., received verbal approval from the North Carolina attorney general to join Roanoke, Va.-based American Healthcare System, Becker's Hospital Review reported. Attorney General Josh Stein gave the verbal approval of the deal at a bankruptcy hearing June 4, according to the Triad Business Journal. At the bankruptcy hearing, the judge approved Michael Miller to become interim CEO of Randolph Health. Miller has more than 30 years of experience in the health care industry. Miller will serve in the role until American Healthcare System's purchase of Randolph Health is complete. Randolph Health filed for chapter 11 bankruptcy in March 2020.