The approval process is expected to take three to four months. Adventist said it does not anticipate any major changes to employee population or management structure.
“After careful review, Delano selected Adventist Health because its commitment to agricultural communities and its approach to providing care best aligned with Delano’s mission and direction,” said Bahram Ghaffari, hospital president.
Editor’s note: This article was updated Jan. 15 at 10:30 a.m. to clarify that the agreement involves Roseville, Calif.-based Adventist Health, not Altamonte Springs, Fla.-based Adventist Health System.
More articles on transactions and valuation:
Cleveland Clinic adds 4 hospitals
CHS divests 2 South Carolina hospitals
AHA finds hospital proximity matters in reaping merger benefits
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.