Allegiance Health Management Signs Agreement to Acquire Byrd Regional Hospital

LEESVILLE, La. – February 14, 2018 – An agreement has been reached for Allegiance Health Management to acquire 60-bed Byrd Regional Hospital and its associated physician clinics and outpatient services from subsidiaries of Tennessee-based Community Health Systems, Inc. (CHS).

Allegiance Health Management, a Louisiana based healthcare company with corporate headquarters in Shreveport, currently operates 12 hospitals in four states and is expanding its operations in Louisiana. AHM brings extensive years of healthcare operational experience to rural communities.

Don Cameron, AHM Chief Operating Officer, stated, “Our family roots are strong in Louisiana. Rock Bordelon, CEO of Allegiance Health Management, and I are from rural Louisiana communities. We take personal pride in providing quality healthcare to the communities that we serve. We look forward to becoming a valued part of the Leesville community and adding Byrd Regional and their exceptional medical staff and team to our family of hospitals.”

The due diligence and discovery process continues in order to allow both Allegiance Health Management and Community Health Systems to best plan for the future of Byrd Regional Hospital.

“Allegiance Health Management works with a number of hospitals and providers across our region and we look forward to working with them to build upon the experience and care we provide for our patients,” said Roger LeDoux, chief executive Officer, Byrd Regional Hospital. “We have a strong tradition of serving our community with high quality services close to home, thanks to the dedication and skill of our medical staff and employees.”

The transaction is expected to be complete in the second quarter of this year, subject to customary regulatory approvals and closing conditions. Financial terms have not been disclosed.

About Allegiance Health Management
The mission of Allegiance Health Management has always been to provide leadership support to our rural and community healthcare facilities, enabling them to prosper and succeed with their mission of providing diversified healthcare to their communities. Recognized by the USDA for Business of the Year 2016, the company continues to show that its commitment to rural communities is unquestionable. Learn more about Allegiance Health Management at https://ahmgt.com.

About Byrd Regional Hospital
Byrd Regional Hospital is your community healthcare provider; a 60-bed facility with emergency, diagnostics, cardiac care, inpatient and outpatient care, medical and surgical care, and women’s services. We believe in the power of people to create great care. We’re 35 doctors and a full team of healthcare professionals strong. We are a great place to receive care, visit and work. And we work hard every day to be a place of healing, caring and connection for patients and families in the community we call home. More information about the hospital is available at https://www.byrdregional.com/

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