Roanoke-based Carilion Clinic announced Friday it has completed the purchase of Lexington’s Stonewall Jackson Hospital from the SJH Community Health Foundation. This was the final 20% — valued at $10.9 million — left for Carilion after its initial 2005 investment.
With the purchase comes a new name, Carilion Rockbridge Community Hospital.
The health care system originally acquired 80% ownership of the hospital 15 years ago and took over its management in 2006. Carilion has invested more than $25 million in operations, capital improvements and clinical services, which will increase to more than $36 million after buying the final 20% stake.