Sponsored by ASCOA | blambert@ascoa.com | 866.982.7262
CHS to Acquire Diagnostic Clinic of Longview
Community Health System's Longview (Texas) Regional Medical Center has announced plans to merge its operations with Diagnostic Clinic of Longview, a multispecialty clinic, according to a CHS news release.Diagnostic Clinic of Longview includes 100 physicians and 30 mid-level providers with 18 locations. After the transaction is complete, the physicians will be employed by a separate entity affiliated with the health system, since Texas state law prohibits direct physician employment by a hospital or health system.
"The formation of this network of providers is a progressive strategy that will enhance clinical collaboration, create a more coordinated patient experience across the continuum of care, advance operational objectives for the hospital and the practice, and bring immense benefit to the entire community," said Wayne T. Smith, chairman, president and chief executive officer of CHS in a statement.
The transaction is expected to close in the next few months, according to the release.
More Articles on CHS:
CHS, West Tennessee Healthcare Near Agreement Over Contracting DisputeCHS to Acquire Memorial Health System
CHS May Try to Extend $2B of Term Loan Debt
© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
Dow Jones
Company ID [INDEXDJX:.DJI] Last trade:12,504.48 Trade time:4:02PM EDT Value change:▲135.10 (1.09%)NASDAQ
Company ID [INDEXNASDAQ:.IXIC] Last trade:2,847.21 Trade time:5:16PM EDT Value change:▲68.42 (2.46%)S&P 500
Company ID [INDEXSP:.INX] Last trade:1,315.99 Trade time:4:32PM EDT Value change:▲20.77 (1.60%)Channels



