FHS President and CEO James Hereford will lead the merged entity alongside FHS’ existing board of directors and three additional board members from HealthEast. Officials said they plan to begin the integration process once they receive regulatory approval, which they anticipate receiving in spring 2017.
The financial terms of the agreement were not disclosed.
“Bringing Fairview and HealthEast together will create a world class health system committed to serving our communities and the region,” said Mr. Hereford. “Our organizations are stronger together. By joining forces, we can expand clinical services and combine our expertise to serve patients where they live and work, giving them access to the widest range of care choices available.”
More articles on transactions and valuations:
NorthShore University HealthSystem, Advocate Health Care scrap merger agreement
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