Bon Secours paid $100M for Petersburg hospital

Bon Secours bought Southside Regional Medical Center in Petersburg along with two other hospitals in Virginia from Community Health Systems, Inc. in January. (Courtesy Bon Secours)

Bon Secours Mercy Health dropped $100.1 million in a New Year’s Day deal to purchase Southside Regional Medical Center in Petersburg.

That’s according to city property records, which provide an initial glimpse into the money involved in a deal that also included two more hospitals in the state.

In addition to Southside Regional, Bon Secours Mercy acquired Southern Virginia Regional Medical Center in Emporia and Southampton Memorial Hospital in Franklin from Community Health Systems in a deal that closed Jan. 1, according to a Bon Secours news release.

The organizations did not disclose financial terms of the deal at the time.

The price tag for Southampton Memorial Hospital was $23.7 million, according to Franklin Commissioner of the Revenue Brenda Rickman. Southern Virginia Regional Medical Center cost Bon Secours $18.8 million, Emporia Commissioner of the Revenue Joyce Prince said.

Those figures include only the amounts paid for the hospitals’ real estate, not the consideration paid for their respective business operations.

A Bon Secours spokeswoman last week declined to comment beyond information provided in the release last month.

Southside Regional Medical Center, located at 200 Medical Park Boulevard in Petersburg, houses 300 beds and sits on about 24 acres. The city assessed the land and facilities a total of $99.9 million, according to the Petersburg assessment office online records.

According to Franklin’s property records, Southampton Memorial Hospital has an assessed value of $19.2 million, including its 18.6 acres. Southern Virginia Regional Medical Center’s assessed value was $18.2 million, according to the Emporia assessor’s online records.

Southside Regional Medical Center and Southern Virginia Regional Medical Center join Bon Secours’ Richmond market, while Southampton Memorial Hospital is in the Hampton Roads market.

Bon Secours counts seven hospitals in the Richmond market and five in the Hampton Roads market, according to its website. The Richmond-area hospitals are Southern Virginia Regional Medical Center, Southside Regional Medical Center, Memorial Regional Medical Center, Rappahannock General Hospital, Richmond Community Hospital, St. Francis Medical Center and St. Mary’s Hospital.

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Sherry Dunn
Sherry Dunn
1 year ago

I’m trying to find a Dr. Thomas Heil I know he worked at Southside Regional hospital in 2000. He was my pain doctor and he left there because he perscribed opiods and no one can find him. If you can help me find him then I won’t have to hire a lawyer to do so. Thank you.