The agreement is the result of months of partnership talks, as Bon Secours and WMC began joint venture discussions in December 2014.
Regarding the joint venture, WMC Board Chair Mark Tulis said, “Our vision is to build on Bon Secours’ strong foundation, enhance what is available and foster integration and coordination, which will ensure the long-term viability of these partners and more.” Mr. Tulis added that the partnership is part of a long-term strategic plan to invest in the Hudson Valley.
The partnership between Bon Secours and WMC is similar to a 2014 joint venture WMC entered into with MidHudson Regional Hospital in Poughkeepsie, N.Y.
More articles on healthcare industry transactions:
West Georgia Health to Join WellStar Health System
Merit Health expands footprint by adding another Mississippi hospital
Q1 healthcare M&A volume up 25%
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.