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IU Health La Porte in exclusive partnership talks with CHS subsidiary

IU Health La Porte (Ind.) Hospital and Knox, Ind.-based Starke Hospital, also part of Indianapolis-based IU Health, have signed a non-binding letter of intent to partner with a subsidiary of Franklin, Tenn.-based Community Health Systems.

The parties will now begin a period of due diligence and negotiations to finalize the details of the agreement.

"Through an affiliation with CHS, we will not only strengthen the quality and access to healthcare in our region for generations to come, but we will also bring substantial investment and resources to our community and health system while including provisions for charity care consistent with our current policies," said Thor Thordarson, president and CEO of IU Health La Porte Hospital.

More articles on healthcare transactions:

31 hospital transactions and partnerships in March
Wellmont, Mountain States Health Alliance expected to merge
9 recent hospital partnerships and transactions

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