Three companies, Juniper Advisory, The Chartis Group in Chicago and Portland, Maine- based Stroudwater Associates submitted proposals to the medical center, which included fees for services and a timeline to complete any partnership deal.
Of the three companies, nonprofit IRMC preferred Juniper Advisory’s proposal. The proposal includes a $20,000 monthly retainer along with a 1.15 percentage paid at closing. Mary Beth Cunningham, the hospital district chair, told TC Palm Juniper Advisory was a good fit because it specializes in mergers and acquisitions for nonprofit health systems.
If a contract is signed with Juniper Advisory by July 30, IRMC may have a partner by the end of December.
More articles on transaction and valuations:
6 large-scale healthcare transactions awaiting regulatory approval
District board delays vote to terminate Huntsville Hospital management contract
Partners, Massachusetts Eye and Ear merger faces state scrutiny
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.
