The Office of the Attorney General determined that the transaction is in the public interest and the $1.45 billion sale price is a fair market price. The attorney general’s decision, however, was dependent on a series of conditions and modifications to the initially proposed transaction, to which the parties have agreed.
Those conditions include a guarantee that none of the seven acute-care hospitals will close in the next five years and the board of community trustees will continue for an additional five years beyond the 10 years laid out in the original proposed transaction.
Related Articles on Hospital Transactions:
Idaho’s County-Owned Teton Valley Health to Convert to Non-Profit in 2012
Colorado’s Centura Healthcare is Memorial Health System’s Latest Suitor
Arizona’s Banner Health Plans to Bid on Colorado’s Memorial Health
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