Duke LifePoint Healthcare has completed its acquisition of Person Memorial Hospital in Roxboro.
North Carolina Attorney General Roy Cooper approved the deal, which calls for the 50-bed hospital to become part of the Duke LifePoint, the joint venture between the Duke University Health System and the private LifePoint Hospitals of Tennessee.
The hospital, which has been run by Duke Health for 13 years, is licensed for 110 beds.
Duke has said it will spend $15 million on capital improvements at the hospital over the next 10 years; at least $6 million in the first five years. The deal will also eliminate Person Memorial's debt. Other financial details were not disclosed.
The Person Memorial deal is just the latest for Duke LifePoint. Earlier this year, it signed an agreement to jointly own and operate Maria Parham Medical Center in Henderson, and acquired the N.C. cardiac catheterization operations of MedCath Partners. It is now called DLP Cardiac Partners.


The Duke University Health System will officially open a $12.7 million orthopaedic center near Research Triangle Park today, the latest example of a medical building boom across this region.
Don't expect the Duke University Health System to jump into a bidding war for Rex Healthcare.
Nearly two years after winning regulatory approval for Wake County's fifth hospital, WakeMed is moving ahead with plans to expand its medical campus in North Raleigh.
WakeMed will seek to expand the rehabilitation hospital at its main Raleigh campus to provide more services for a growing and aging population of patients recovering from strokes, joint replacements and traumatic injuries.
