The Aria Health board of directors and the Thomas Jefferson University board both voted unanimously to authorize the signing of the LOI after a two-year strategic planning process.
With the signing of the 90-day LOI, Aria and Jefferson begin a due diligence process. The organizations believe the discussions will lead to a definitive agreement setting the terms of Aria Health’s integration with Jefferson. The organizations anticipate the transaction to be complete in late spring 2016.
More articles on hospital transaction and valuation issues:
T.J. Regional Health explores takeover of bankrupt Kentucky hospital
Montefiore expands New York hospital network
Hartford HealthCare calls off merger talks with Day Kimball, blames pending Medicaid cuts
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