Community Health, Wishard-Eskenazi in Indianapolis to Partner
announced they have entered into a partnership agreement with approval from the Health & Hospital Corporation of Marion County.
Community Health CEO Bryan Mills will keep his current title and become CEO of the new partnership entity, while Wishard-Eskinazi CEO and Medical Director Lisa Harris, MD, will retain her current title, according to a news release.
All current facilities will remain open under the agreement, and the under-construction Sidney & Lois Eskenazi Hospital is still expected to be completed and open in December, according to the release.
Financial details of the deal were not disclosed, and both systems stressed the private-public partnership is not technically a merger or acquisition, as there will be no transfer, lease or sale of facilities. However, Community Health and Wishard-Eskenazi have entered a due diligence period to assess their resources and further collaborations.
More Articles on Hospital Partnerships:Community Hospital Partnership Considerations: Lessons Learned From Hillcrest Health's Partnership With Scott & White
Rutherford Regional Health System Signs Memorandum of Understanding With Mission Health
7 Recent Hospital Mergers & Acquisitions
© 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.
New from Becker's Hospital Review