Under the proposal, Duke LifePoint has promised to make significant capital investments in GSHS’ technology, equipment and facilities.
With the memorandum of understanding signed, the two organization have entered a period of due diligence, after which the acquisition will be subject to state and federal review.
Formed in 2011, Duke LifePoint is a joint venture between Durham, N.C.-based Duke University Health System and Brentwood, Tenn.-based LifePoint Health. Duke LifePoint consists of 14 hospitals in four states and a healthcare services company offering hospital-based catheterization labs and services.
More articles on transaction and valuation news:
Jackson, UHealth partnership threatened over organ transplant exclusivity rights
UPMC challenges business advocacy group’s comments over WCA Hospital acquisition
California approves St. Joseph-Providence merger, but with conditions
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
