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
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
