Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

Capella inks private-public partnership with Arkansas hospital

Benton, Ark.-based Saline Memorial Hospital's board of directors has voted to partner with Franklin, Tenn.-based Capella Healthcare, according to an Arkansas Business report.

Under the joint venture, nonprofit 117-bed Saline Memorial will preserve its tax-exempt status, and the organizations will create a new for-profit entity.

Saline Memorial CEO Bob Trautman told Arkansas Business the partnership will give the hospital access to more resources for quality initiatives and new capital to pursue growth strategies.

Officials said Capella's recent merger with Brentwood, Tenn.-based RegionalCare Hospital Partners will not impact the Saline Memorial partnership, according to the report.    

More articles on healthcare industry transactions:

9 recent hospital transactions and partnerships
Advocate, NorthShore to offer low-cost health plan if merger goes through
UPMC gets green light to acquire Jameson Health System


Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.