The guidelines, prepared by the law firm Jones Day, recommend the following steps by hospitals considering a change in ownership:
• Engage the community to identify its future health improvement needs;
• Adopt/review strategic plans to determine how changes in ownership or control may further strategic objectives;
• Develop policies and procedures that designate task forces to review, evaluate and make recommendations regarding proposals; and
• Review state and federal health care laws and potential antitrust implications; and educating and informing the community about the issues involved.
To view the guidelines, click here.
More Articles on Hospital Mergers, Acquisitions:
Healthcare M&A Up 9% in 2011
11 Recent Hospital Mergers & Acquisitions
Private Equity Firm Expects $17M Profit From Sale of Illinois’ MetroSouth Medical Center