CHI Memorial to buy Cornerstone Medical Center, former Hutcheson Medical Center surgery center

CHI Memorial to buy Cornerstone Medical Center, former Hutcheson Medical Center surgery center

December 1st, 2017 by Tyler Jett in Breaking News

CHI Memorial announced the acquisition of Cornerstone Medical Center in Fort Oglethorpe.

Photo by Robin Rudd /Times Free Press.

CHI Memorial Hospital will purchase Cornerstone Medical Center in late December, CEO Larry Schumacher announced this morning.

In addition, CHI Memorial will purchase the former Hutcheson Medical Center ambulatory surgery center, located on Battlefield Parkway in Ringgold. The center has been owned by Regions Bank since Hutcheson shut down.

Cornerstone Medical Center is owned by Valor Bridge. The company purchased Hutcheson for $4.2 million out of bankruptcy court in December 2015. The hospital has operated in Fort Oglethorpe since the early 1950s.

CHI Memorial has operated the hospital since signing a management agreement in August.


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