While there are no formal offers on the table, BMC CEO David Holloway, MD, said various hospitals and health systems have expressed interest in potentially merging or partnering with the clinic, according to the article. Dr. Holloway told The Bulletin officials will not consider offers that may negatively affect patients or employees at the clinic.
News about the potential change in management models comes just months after the clinic declared its intent to cut jobs and specialty services. BMC has struggled financially since implementing its Epic EHR system in 2015, according to the article.
“We will reach a point where we can no longer make the investments in the community that we need to make,” said Dr. Holloway. “So having an outside partner would be really beneficial.”
More articles on transactions and valuations:
Billings Clinic formalizes alliance with Children’s Hospital Colorado
Norton Cancer Institute, Churchill Downs partner on local women’s breast health program
Physicians express unease over Mercy, St Anthony’s hospital affiliation
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