The organizations signed a letter of intent and are working to finalize details of a final agreement, according to a March 17 news release.
Under the potential affiliation, Methodist Hospital would be brought into the Keck Medicine clinical enterprise, and the organizations would explore opportunities for service growth and investment in the Arcadia community.
Keck Medicine interim CEO Rodney Hanners said Methodist has a long history of providing excellent care in the San Gabriel Valley and the potential to be a strong partner.
“This affiliation would not only complement our current satellite in Arcadia, but also provide opportunities to elevate our entire network that we are excited to explore further,” Mr. Hanners said in the news release.
More articles on healthcare industry transactions:
Insight Chicago would buy Mercy Hospital for $1, change its name
OSF HealthCare to acquire majority stake in Kindred hospital, rename it
US settles antitrust case against Geisinger, Evangelical
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
