Business Briefs

Cape Fear Valley buys Bladen hospital

Posted March 19, 2012 5:05 p.m. EDT

— Cape Fear Valley Health System on Monday finalized its purchase of Bladen County Hospital in Elizabethtown.

The deal was first announced in 2008, when Cape Fear Valley entered into a multi-year affiliation with Bladen County Hospital that allowed the health system the option of purchasing the hospital within five years.

Since then, Cape Fear Valley has invested $19 million in the Elizabethtown facility, including new digital mammography equipment, renovations to the labor and delivery area and a new hospital roof. The Fayetteville-based hospital system also recruited new doctors to Bladen County.