If approved, the medical center will serve as the “active parent and co-operator” of Saratoga Hospital, with full authority over the hospital’s strategic planning, budgets, physician contracts and potential leadership changes, according to the article.
The agreement also stipulates that both hospitals will place representatives on the other’s hospital board.
A New York department of health committee will assess the merger application on Sept. 22. The public health and health planning council will review the application on Oct. 6.
More articles on transactions and valuations:
Mountain States, Wellmont unveil new name for proposed merger
Brookhaven Memorial Hospital Medical Center to acquire local nursing home facility
Carolinas Hospital System joins Mayo Clinic Care Network
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
