Industry Bulletins | September 14, 2020
Dava Foundation To Purchase Randolph Health’s Operating Assets
On August 28, 2020, Dava Foundation Inc. finalized an agreement with Randolph Health in Asheboro, North Carolina to purchase all of Randolph Health's operating assets. Financial terms of the agreement have not been disclosed. Tennessee-based Java Medical Group will manage the new organization’s operations. Randolph Health will remain a non-profit health care provider organization and will continue to operate under its own name. The goal is to finalize the purchase of Randolph Health before the end of the calendar year.
Randolph Health filed for Chapter 11 bankruptcy in March 2020 to restructure its debt. Other potential . . .