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U.Va. to become Culpeper hospital's majority owner

Tuesday - 2/25/2014, 9:50am  ET

CULPEPER, Va. (AP) -- The University of Virginia Medical Center plans to become a majority owner of Culpeper Regional Hospital.

The medical center and Culpeper Regional Health System announced the plan on Monday.

The U.Va. Medical Center currently owns 49 percent of the Culpeper hospital. The change in ownership doesn't include the regional health system's other facilities.

The plan must be approved by the boards of the health system and the U.Va. Medical Center, U.Va.'s Board of Visitors and the attorney general.

Culpeper Regional Hospital has been affiliated with the U.Va. Medical Center since 2009.


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