With 717 beds and more than 2,600 employees, the two organizations will operate under the same hospital license and West Palm Hospital will become JFK Medical Center North Campus starting April 1, according to the report.
The impetus behind the merger was primarily financial and administrative, according to the report. In 2014, JFK brought in $35.1 million on $429.3 million in revenue, but West Palm recorded a $7.5 million loss on $74.2 million in revenue, according to the report.
More transactions and valuation:
Harrington Region revives partnership with foundation through merger: 5 things to know
CHS signs definitive agreement to divest NJ hospital
Tenet, WellStar reach agreement for sale of Tenet’s Georgia hospitals
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
