Southern Virginia Regional Medical Center

Bon Secours Mercy Health announced Monday it had reached an agreement to purchase Southern Virginia Regional Medical Center.

The transaction is subject to regulatory approvals and closing conditions. If approved, the transition in ownership is expected to be completed before Jan. 1. Bon Secours Mercy Health has also agreed to purchase CHS affiliates Southside Regional Medical Center in Petersburg and Franklin's Southampton Memorial Hospital.

"We are very pleased to have the opportunity to add three strong, dynamic hospitals to our southeast Virginia footprint," said John Starcher, Bon Secours Mercy Health president, and CEO. "Nothing is more important than the health and well-being of the communities and patients we serve, and we look forward to welcoming Southside Regional Medical Center, Southampton Memorial Hospital, and Southern Virginia Regional Medical Center into our compassionate ministry. We have a unique opportunity to find synergies and work together to serve others."John Starcher, Bon Secours Mercy president, and the chief executive officer said in a Monday press release.

Bon Secours Mercy Health is one of the nation's 20th most extensive health care systems. The Catholic health care ministry has health care locations in Florida, Kentucky, Maryland, Ohio, South Carolina, and Virginia. The company recently expanded into Ireland.