Saint Agnes Medical Center in Fresno, Calif., will acquire Fresno (Calif.) Surgical Hospital on March 31, according to a Business Journal report.
Both parties have signed a letter of intent to partner. SAMC will acquire a 51 percent interest in FSH, but each will operate under a separate license. A joint operations board will oversee the acquired hospital.
Details of the merger will remain confidential until negotiations between the parties are finalized, according to the report.
Read the Business Journal report on the merger between Saint Agnes Medical Center and Fresno Surgical Hospital.
Read about other recent transactions between hospitals and other providers:
– BCBS, University of North Carolina Health to Partner on Primary Care Facility
– Irving Place Capital to Acquire National Surgical Hospitals
– Phoebe Putney’s Acquisition of Georgia’s Palmyra Medical Center May Close Next Month
