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Location of new hospital continues to be explored

News Release

Dobbs Equity Partners LLC (“Dobbs”) received final approval for development of a Regional Health System (“RHS”) from the Barnwell and Bamberg County Councils on September 13, 2011. The RHS is planned to include Multi Specialty Ambulatory Care Centers in each of Barnwell and Bamberg counties as well as a new “State-of-the-Art” Regional Hospital to serve the populations of both communities. The Regional Hospital is planned to be opened within 3 ½ years of the completion of the sale of the Barnwell and Bamberg county hospitals. The Barnwell County Hospital will serve as the headquarters location of the RHS while the new hospital is being constructed.

Residents of both Barnwell and Bamberg counties have been concerned about the location of the Regional Hospital. There has been a great deal of confusion about the new hospital location due to several parties being involved in the discussions of the healthcare system, including at various times, Allendale county and Healthcare Management Partners LLP, who served as all three counties hospital administrators earlier this year.

Dobbs has been working with the county councils and the counties’ healthcare task force for more than a year to develop the RHS. “Although we have done a lot of work on the hospital location, there is still much more work to be done prior to settling on a specific site” said Rick Greene, Executive Vice President of Dobbs Equity Partners, LLC. “We plan to continue meeting with local physicians, community leaders, and businesses to insure the Regional Hospital is located in the most convenient area for the majority of both counties’ populations. The west side of Denmark, SC remains among the locations being considered.”

“There has been a lot of misinformation in the communities and media about the hospital location” said Mr. Greene. “It’s unfortunate so much has been said about just one of several potential locations that was selected early in the process. We have a lot more work to do prior to choosing a final site, including consulting with as many of the citizens of both counties as possible.”

The new hospital is planned to include private rooms for inpatient care, multiple surgery suites, a full service emergency department, a labor and delivery department where newborns will be delivered, as well as many other services not currently being offered in the local hospitals today. In addition, multi-specialty physician office centers are planned that should bring new specialist physicians into the community to see patients locally. Currently, the majority of county residents are traveling hours to see a specialist.

About Dobbs Equity Partners, LLC

Dobbs Equity Partners, LLC, (www.dobbsequity.com) is a private, family-owned business that makes private equity investments in existing and start-up operating companies. It seeks to partner with talented operators with significant experience in their fields to acquire or start-up businesses with significant growth potential. Dobbs Equity Partners, LLC is not a traditional private equity fund in that it invests family assets and does not seek to raise capital from outside parties. Dobbs is currently an investor in Strategic Behavioral Health, LLC, which owns and manages behavioral healthcare facilities. Previously, the Dobbs family owned Three River Holdings, Inc., which operated Unison Health Plans, a large Medicaid HMO with operations in many states, including South Carolina.


County Councils provide final approval for development of Regional Health System

News Release

The Barnwell and Bamberg County Councils gave final approval for the development of a Regional Health System (“RHS”) during separate meetings last night in their respective counties. This approval took place during the third and final reading on the Asset Purchase Agreement and Development Agreement with Dobbs Equity Partners, LLC (“Dobbs”) that will result in an affiliate of Dobbs purchasing the Barnwell County Hospital and Bamberg County Hospital. Both county hospitals will complete Chapter 9 bankruptcy filings in order to enable the hospitals to reorganize their debts. In addition, the RHS includes plans to open Multi Specialty Ambulatory Care Centers in each county to provide a myriad of healthcare services not currently being offered in the region as well as construct a “State-of-the-Art” Regional Hospital to serve the communities.

“We are extremely pleased with the vision shown by the Barnwell and Bamberg County Councils in providing final approval of the RHS” said John H. Dobbs, Jr., President and Chief Executive Officer of Dobbs Equity Partners, LLC. “We are hopeful the sale process will be completed quickly and we can begin implementing our plan to provide the highest quality healthcare services to the local communities.”

The Barnwell County Hospital is planned to remain open for at least three years after its purchase by Dobbs has been completed and will be the headquarters for the RHS until the new hospital opens.

The new hospital is planned to include private rooms for inpatient care, multiple surgery suites, a full service emergency department, a labor and delivery department where newborns will be delivered, as well as many other services not currently being offered in the local hospitals today. In addition, multi-specialty physician office centers are planned that should bring new specialist physicians into the community to see patients locally. Currently, the majority of county residents are traveling hours to see a specialist.

Dobbs has been working with industry-leading, healthcare professionals for several months to determine the healthcare needs of the community and design facilities and programs to best meet those needs. The following is a preliminary list of the services and specialties that are planned to be offered within the RHS:

• General Surgery

• Urology

• Medical Cardiology

• Ophthalmology

• Obstetrics and Gynecology

• Orthopedics and Orthopedic Surgery

• Inpatient and Outpatient Services

• Emergency Medicine

 
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