DecaturCounty officials unanimously approved the partnership in a vote held on Sept. 26. DCGH board members recommended the partnership as solution to the hospital’s financial troubles.
Under terms of the proposed agreement, NorthCrest will have a management-level staffing arrangement with DCGH, according to the article.
DCGH selected NorthCrest out of three possible partners, including Jackson-based West Tennessee Healthcare and Plano, Texas-based Community Hospital Corporation.
More articles on transactions and valuations:
Bayer AG, Monsanto sign merger agreement
Sitka Community Hospital considers integrating operations
Steward Health Care unveils $1.25B national expansion plan
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.