MCH began looking for a hospital to partner with last year, and, after reviewing proposals from numerous healthcare organizations, decided CMC was the best fit for an affiliation. The two organizations have worked together for many years, and they recently expanded a clinical partnership to include neurology.
With the letter of intent signed, the two organizations will negotiate a definitive agreement. CMC and MCH hope to complete the affiliation within the next year.
More articles on healthcare industry transactions:
Hospital M&A activity jumps 70% in 5 years: 8 findings
2 Philadelphia health systems finalize merger deal
Montefiore Health System expands NY footprint
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.