Memorial Health System to Join University of Colorado Health
According to the release, the decision marks the first change in governance for Memorial since it was acquired by the city of Colorado Springs in 1943. Under the agreement, the city will retain ownership of Memorial's buildings, but the employees and operations will be transferred to UCHealth. In addition, Memorial Hospital for Children in Colorado Springs will be operated by UC Health's Children's Hospital of Colorado in Aurora.
UCHealth will begin operating Memorial Oct. 1. At that time, UCHealth will become one of the largest employers in Colorado with 14,000 employees, according to the release.
More Articles on Hospital Acquisitions:Aurora Health Care, IASIS Healthcare Announce Joint Venture
Huntsville Hospital to Acquire Decatur General, Consolidate Alabama Hospitals
Mercy Health, Capella Healthcare to Merge Arkansas Hospitals Despite Objections
© Copyright ASC COMMUNICATIONS 2015. 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.