Surry County Approves Northern Regional Hospital Sale
Surry CountyCounty · NC- Disclosed value
- Novant investment and related transaction consideration totaling more than $200 million, including $130 million over ten years, up to $12.5 million for bond indebtedness, $30 million for a community foundation, $5 million for Surry-Yadkin Works, and $2 million reimbursement to Surry County
- From minutes
- Approved
- Jun 15, 2026
The 30-second brief
Surry County approved an Asset Purchase Agreement for Northern Regional Hospital to transfer substantially all hospital assets to Novant Health and its affiliate. The transaction includes more than $200 million in planned investment and is expected to close in approximately 90 days.
Northern Regional Hospital holds this contract with Surry County. Its other public contracts on record include work for City of Mount Airy and Town of Dobson.
Term as filed: Closing anticipated approximately 90 days after June 15, 2026; investment commitments extend over ten years after closing.
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Contract details
- Amount
- Novant investment and related transaction consideration totaling more than $200 million, including $130 million over ten years, up to $12.5 million for bond indebtedness, $30 million for a community foundation, $5 million for Surry-Yadkin Works, and $2 million reimbursement to Surry County
- Document date
- June 15, 2026
- Term
- Closing anticipated approximately 90 days after June 15, 2026; investment commitments extend over ten years after closing
- Agency
- Surry County
- Source document
- Surry County Board of Commissioners Minutes 2026-06-15 (Minutes)
Northern Regional Hospital's other public contracts
More Surry County contracts
Questions about this contract
Who was awarded the government contract by Surry County?
Northern Regional Hospital was awarded this government contract by Surry County, as recorded on June 15, 2026. The contract value is Novant investment and related transaction consideration totaling more than $200 million, including $130 million over ten years, up to $12.5 million for bond indebtedness, $30 million for a community foundation, $5 million for Surry-Yadkin Works, and $2 million reimbursement to Surry County.
How much is the Northern Regional Hospital contract with Surry County worth?
The Northern Regional Hospital contract with Surry County is valued at Novant investment and related transaction consideration totaling more than $200 million, including $130 million over ten years, up to $12.5 million for bond indebtedness, $30 million for a community foundation, $5 million for Surry-Yadkin Works, and $2 million reimbursement to Surry County.
What type of contract is this?
This is a government contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Surry County Board of Commissioners Minutes 2026-06-15 (Minutes), dated June 15, 2026 from Surry County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Northern Regional Hospital hold?
Northern Regional Hospital may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Surry County currently buying?
Explore Surry County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.