HSHS and Community Memorial, a critical access hospital, signed an affiliation agreement in May 2011 centered on physician recruitment and implementation of an electronic health record system. Those goals have since been reached, and now both parties are considering a scenario that would bring Community Memorial into the HSHS Eastern Wisconsin Division as a full member.
Both organizations are undergoing due diligence. A timeline for a definitive agreement was not given. Financial details of a potential deal were not disclosed.
More Articles on Hospital Transactions:
Illinois Board OKs Passavant, Memorial Health Affiliation
University of Texas Medical Branch, Angleton Danbury to Explore Partnership
13 Recent Hospital Transactions and Partnerships
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.