Mercy, Valley View Regional Hospital in Oklahoma to Pursue Merger
Valley View's board will draft a letter of intent to begin the process, which will eventually lead to a definitive lease agreement, according to the report. Valley View has conducted several months of due diligence and opted to go with Mercy's Oklahoma branch, which already had managed the hospital.
Under the deal, Mercy would "assume full operational authority" of Valley View and would make annual lease payments, according to the report. The transaction could be completed by this May.
More Articles on Hospital Transactions:
© 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.