Under the letter of intent, Union Hospital and its affiliates will join LifeBridge Health and maintain representation on LifeBridge’s board of directors.
The agreement indicates the two organizations will enter into exclusive negotiations and due diligence. Officials do not expect to formulate a final agreement — which will require approval by the boards of both organizations and regulatory approval — for several months.
More articles on transactions and valuations:
Brown University med school professor: University’s plan to buy Care New England is a bad idea
Erlanger looks to acquire first hospital outside of Tennessee
8 recent hospital transactions and partnerships
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