Adventist will provide Lodi Health with a financial boost and create a local advisory board to offer input on decisions, according to the report. Additionally, the affiliation will give Lodi Health access to a state-of-the-art EHR system.
The two healthcare organizations will now collaborate to reach a definitive agreement and have indicated the transaction will probably close in the first quarter of 2015, pending regulatory review, according to the report.
More articles on health system transactions:
Northwestern Memorial HealthCare, Cadence Health finalize merger
Hudson Valley Hospital to pursue partnership with NewYork-Presbyterian
9 considerations for boards of directors considering a hospital or health system affiliation
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
