To determine its potential partner, a Massena hospital board subgroup will visit the remaining two hospitals prior to starting affiliation conversations. Massena CEO Robert Wolleben said he anticipates the talks will begin in January.
“That conversation will take some time. Affiliation probably won’t be settled until at the earliest sometime in the first quarter of next year,” Mr. Wolleben told Watertown Daily Times.
Massena Memorial Hospital is in the process of transitioning to a nonprofit facility. To do so, Massena has to find an affiliate and obtain a certificate of need, according to the report.
More articles on transactions and valuations:
West Virginia city concurs to put Sistersville General Hospital out for bid
Walgreens, Rite Aid ink $950M deal to sell 865 stores
Advocate Health Care forms two partnerships with Surgical Care Affiliates
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