UVA Health, a roughly $4 billion health system with four acute-care hospitals, looks to expand its network across Virginia as it diversifies its revenue.
The academic health system, anchored by its flagship hospital UVA Medical Center in Charlottesville, in 2021 acquired Novant Health’s ownership stake in a three-hospital joint venture, reports Modern Healthcare. In January, UVA Health launched a $300 million biotechnology institute that will advance its cellular and gene therapy research and expand its reach for clinical trials, said Dr. Craig Kent, CEO of UVA Health and executive vice president for health affairs at the University of Virginia. Kent, who joined UVA Health in February 2020, talked with Modern Healthcare about the system’s expansion strategy, biotech investment and other priorities. Read more.
