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2 Kansas hospitals to examine potential alliance

Salina (Kan.) Regional Health Center and Geary Community Hospital in Junction City, Kan., entered into a period of due diligence Aug. 24 to form a strategic alliance.

Salina Regional officials said the due diligence process to determine the viability of a potential partnership will last approximately four to six months.

"The goal of this agreement is to explore improved patient care in the region and the potential of better coordination of services between our two hospitals. It also helps both organizations to determine the possibilities of long-term strategic partnerships to meet the needs and challenges of modern healthcare," said Micheal Terry, CEO of Salina Regional.

The financial terms of the agreement were not disclosed.

More articles on transactions and valuations:
Partners to examine Care New England acquisition amid financial issues
Cleveland Clinic in line to manage proposed hospital in China
Georgia AG approves sale of bankrupt hospital to Navicent Health subsidiary

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