Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

Adventist HealthCare in talks to take over DC hospital's operations

Gaithersburg, Md.-based Adventist HealthCare and Howard University Hospital in Washington, D.C., have signed a letter of intent to explore a partnership agreement.

The organizations have agreed to enter into exclusive talks about Adventist operating Howard University Hospital beginning next year.

Howard University President Wayne A.I. Frederick said partnering with Adventist could help Howard University Hospital overcome the challenges facing standalone teaching hospitals.

"The opportunity to partner with Adventist HealthCare demonstrates our shared commitment to find solutions that serve the healthcare needs of this community and also forwards Howard's 150-year mission of training diverse healthcare providers that share the common goal of servicing underserved populations," he said in a press release.

The Adventist system includes two acute care hospitals and will likely include a third hospital later this year. Adventist announced July 24 that it entered into a definitive agreement to acquire Fort Washington (Md.) Medical Center, a 37-bed hospital. The transaction is expected to close this fall.

More articles on healthcare industry transactions:

Temple to sell Fox Chase Cancer Center
Hospital M&A activity in Q2: 5 things to know
Tenet makes bid for California hospital

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars