Gary, Ind.-based Methodist Hospitals CEO Ray Grady said the hospital's board of directors is continuing to explore the possibility of a potential merger with another hospital or health system, according to Inside Indiana Business.
Mr. Grady said a number of financial options exist for the financially stable hospital, which is"operating from a place of strength," according to the article. He said remaining independent also remains an option.
"We have narrowed the list of potential partners and the board is currently conducting its due diligence to carefully examine and evaluate the potential partners to determine who can best serve our communities," said Mr. Grady in a statement. "At this time, no definitive agreement has been made. Our promise is to take our time to thoughtfully evaluate what is in the best interest of our patients, employees, physicians and the communities we serve."
Mr. Grady also said he hopes to have more information on the status of a potential merger by the end of the year.