The joint venture will manage Baptist Health Madisonville (Ky.), its medical group and associated outpatient facilities.
Under the memorandum, expected to be finalized this summer, the health systems will combine resources to support the facility and medical group.
All Madisonville employees will continue in their roles in the new organization, with the same pay rates and seniority.
“Rural hospitals today are struggling, facing huge challenges to provide the healthcare needed to best serve their communities,” said Gerard Colman, Baptist Health CEO. “With Baptist Health partnering with Deaconess, the Madisonville community will have an exceptional level of support from Kentucky’s largest healthcare system and from the leading healthcare provider in the Tri-State region, to ensure continued local direction and additional investment in healthcare services.”
Baptist Health is based in Louisville, Ky.; Deaconess Health System is in Evansville, Ind.
More articles on healthcare industry transactions:
Ascension to sell 7 Wisconsin hospitals, 21 clinics to Aspirus
Froedtert to acquire majority stake in Wisconsin hospital
CommonSpirit to sell 14 hospitals to Essentia Health
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