Here are four things to know about the affiliation.
1. The boards of both organizations signed a letter of intent to affiliate and have entered a period of due diligence to work toward signing a definitive agreement.
2. Officials expect to finalize the definitive agreement in fall 2018.
3. Ohio Valley Hospital’s board of directors has been searching for a potential affiliate or partner for the past eight months.
4. Through the proposed affiliation, Ohio Valley Hospital will have the opportunity to enhance its medical staff and expand its clinical services.
More articles on transactions and valuations:
How the Catholic church can influence hospital M&A: 5 things to know
4 recent healthcare partnerships and transactions
Healthcare M&A newsflash
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
