Documents list the proposed regional health system’s placeholder name as Greater Maryland Health System. The system will get its official name later this summer, Anne Arundel spokesperson Arminta Plater told the Gazette.
Through the transaction, which requires regulatory approval, Anne Arundel would invest up to $138 million over five years into Doctors Community’s campus and its IT infrastructure. The funds would also be used to expand inpatient and outpatient care.
Anne Arundel and Doctors Community announced the merger May 13. The deal is set to close July 1.
More articles on healthcare industry transactions:
CHS continues hospital sell-off spree with deal in Texas
Illinois health system strikes deal to add 5th hospital
Political uncertainty could sink healthcare deals: 3 things to know
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