Officials said CentraCare Health’s shared values and approach to care made the six-hospital system a good partner.
The institutions will maintain their current leaders and organizational structure before, during and after the transaction closes, which officials expect to occur in 2018.
“We envision an entirely new and exciting care delivery model for people in this region. This partnership brings the expertise of all three organizations together for the benefit of our communities,” said Cindy Smith, MD, president and CEO of ACMC Health. “By bringing together local physicians, healthcare providers and the public hospital, we have the opportunity to take an innovative approach to rural healthcare.”
More articles on transactions and valuations:
Cleveland Clinic to acquire Union Hospital
Florida Hospital reportedly in talks to acquire Sanford Burnham
Global Medical REIT to acquire Texas specialty hospital and rehabilitation center for $26M
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.
