West Virginia (WOAY)- Governor Patrick Morrisey announced the sale of West Virginia’s four state-owned long-term care facilities has been finalized.
Marx Development Group (MDG) is now the new owner, with its subsidiary Majestic Care taking over operations.
The $60 million sale includes Hopemont Hospital, Jackie Withrow Hospital, John Manchin Sr. Health Care Center, and Lakin Hospital.
Governor Morrisey says the move marks a major step toward modernizing state operations and improving care for patients, while protecting taxpayer dollars.
MDG plans to invest an additional eighty million dollars to build at least three new long-term care facilities across the state to use local labor and materials whenever possible.
All current employees will have the opportunity to continue working under the new ownership, keeping their pay and tenure intact.
Before the sale, the facilities were operating at a six-million-dollar annual loss, with costs expected to rise.
Governor Morrisey says the goal from the start has been to ensure better, more consistent, and higher-quality care for West Virginians.
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