We are excited to share that we will soon be expanding our footprint in the communities we call home. We have been working with affiliates of Community Health Systems, Inc. (CHS) to finalize an agreement to purchase and transition ownership of three hospitals in southeast Virginia - Southside Regional Medical Center in Petersburg, VA, Southampton Memorial Hospital in Franklin, VA and Southern Virginia Regional Medical Center located in Emporia, VA.
When the transaction is complete, the addition of these three new locations will result in a stronger and broader network of care for the communities we serve in southeastern Virginia, where they will join our strong tradition of providing quality, compassionate health care for our communities.
All three locations will transition to our faith-based ministry and become Catholic hospitals, following ethical and religious directives and guidelines. We look forward to welcoming these three facilities to our international health system, Bon Secours Mercy Health, which contributes more than $2 million per day back to the communities we serve.
Clinical and operational leaders from both sides of the table are collaborating through the transition to prioritize the health and well-being of our patients and our focus on providing high-quality care across Virginia and beyond, while working towards an end-of-year target for completion of the acquisition.
This expansion of our footprint presents an opportunity for us to unite the complementary strengths of each facility with the best practices and strong foundation of a regional health system for the benefit of our community.
Together, we are focused on creating a leading health care system across southeastern Virginia, capable of delivering superior quality and value, and enhancing access for growing populations.