OTHERAPPROVED

Novant Health Approved to Acquire Northern Regional Hospital

Surry County approved the Asset Purchase Agreement with Novant Health, Inc. for the acquisition of Northern Regional Hospital. Novant will provide more than $200 million in total planned investment, including $130 million over ten years and additional healthcare and community commitments.

Document date · June 15, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract 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
Contract type
OTHER
Contract term
Closing anticipated approximately 90 days after June 15, 2026; investment commitments extend over ten years after closing
Renewal
Asset Purchase Agreement; no renewal provision stated. Novant intends to make additional investments over ten years following closing.
Document type
Minutes
Source document
Surry County Board of Commissioners Minutes 2026-06-15

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Surry County?

Novant Health Inc 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 Novant Health Inc contract with Surry County worth?

The Novant Health Inc 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.

What other contracts does Novant Health Inc hold?

Novant Health Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Novant Health Inc's profile

What is Surry County currently buying?

Explore Surry County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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