The organizations signed the agreement March 9 after a strategic review by a special committee of Huntington Hospital’s board of directors. The letter of intent calls for investments in 619-bed Huntington Hospital’s information technology, ambulatory services and physician development.
“Huntington Hospital’s longstanding commitment to the community, its reputation for quality and its outstanding physicians, nurses and other staff make it a very good fit for Cedars-Sinai Health System,” Vera Guerin, chair of Cedars-Sinai Health System’s board of directors, said in a news release. “Collaborations and sharing of resources throughout the health system will further strengthen Huntington’s ability to serve the community for decades to come.”
Leaders said Cedars-Sinai Health System and Huntington Hospital are working toward finalizing a definitive agreement. The transaction is subject to closing conditions and regulatory approvals.
More articles on healthcare industry transactions:
LifePoint to sell 3 South Carolina hospitals to Prisma
Maryland hospital ceases inpatient care post-merger
21 U of Louisville pediatric practices join Norton
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
