Under the partnership, John Jeter, MD, remains CEO of Hays and Bob Page remains president and CEO of KU Hospital. All staff will remain at their current facilities.
Additionally, KU Hospital, an independently governed public authority, and Hays, a nonprofit hospital, are now consolidating their financial statements, according to the report.
An operations council comprised of members from both hospitals has been created to direct the partnership, and boards at both facilities will remain intact. The hospitals said new branding and signs will be revealed in the coming weeks, according to the report.
KU Hospital and HaysMed announced the intended partnership last September.
More articles on hospital transactions and partnerships:
Envision acquires 16-physician anesthesia group in Arizona
UW Health, Marshfield Clinic drop out of Wisconsin’s AboutHealth network
9 latest hospital transactions and partnerships
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.