Frequently Asked Questions
• Why did Duke and LifePoint decide to pursue this joint venture?
• Is this kind of joint venture unique in the industry?
• How does the joint venture work?
• With what kinds of hospitals does Duke LifePoint partner? What is the ideal hospital for the venture?
• In what geographic area are you seeking partner hospitals?
• What benefits can Duke LifePoint offer a hospital?
• If a hospital is interested in partnering with Duke LifePoint, what should it do?
Why did Duke and LifePoint decide to pursue this joint venture?
An increasing number of community hospitals are looking to become part of a strong system that can provide needed clinical and operational resources, access to capital and financial stability. Duke LifePoint combines the strengths of Duke and LifePoint. Through the joint venture, we work together to pursue acquisitions and share ownership and governance of community hospitals looking to become part of a stable, well-funded system.
LifePoint Health and Duke University Health System have enjoyed a longstanding, productive relationship. We share an interest in collaborating with hospitals, physicians and patients to bring quality, innovative healthcare services to communities.
Together, our goal is to create a system of community hospitals that will transform healthcare and enhance the services available to the people in strategic communities.
Is this kind of joint venture unique in the industry?
While joint ventures are fairly common in the healthcare industry, the relationship between Duke and LifePoint provides unique benefits to hospitals. This is one of the first joint ventures in which an academic health system and hospital operations company have partnered to own and operate a system of hospitals. The joint venture, which brings together LifePoint's experience in community-based hospital management and Duke's world-renowned leadership in clinical service, provides community hospitals the clinical, quality and operational resources they need to grow and prosper.
How does the joint venture work?
Duke LifePoint is pursuing partnerships with community hospitals and regional medical centers looking to become part of a stable, well-funded system. We will acquire hospitals, as well as enter into shared ownership and governance agreements and joint ventures with medical facilities and health providers.
With what kinds of hospitals does Duke LifePoint partner? What is the ideal hospital for the venture?
Duke LifePoint is seeking relationships with regional medical centers and related health providers in markets that can benefit from LifePoint's experience in developing community hospitals to reach their full potential and where Duke can bring significant value with its renowned patient safety and clinical quality programs. We will partner with community hospitals that share our commitment to high quality patient care. While we don’t have any specific parameters around size or service area, we expect that most of the hospitals with which we partner will be the sole providers in their communities.
In what geographic area are you seeking partner hospitals?
Our goal is to build a system of hospitals in the North Carolina region, where Duke already has a strong presence and LifePoint has several affiliated hospitals nearby, and other select markets across the nation.
What benefits can Duke LifePoint offer a hospital?
We offer hospitals unmatched clinical and operational resources that can help them grow, offer more opportunities for their employees, better serve their communities, and prosper for the long term. Learn more about the benefits of partnering with Duke LifePoint here
If a hospital is interested in partnering with Duke LifePoint, what should it do?
A dedicated team of development professionals has been assigned to work with hospitals interested in partnering with Duke LifePoint. Any interested parties can contact us.