MMHS and ProMedica will now begin a due diligence period, which could take several months to complete. Once that is finished, the board of trustees for each organization will have to approve the agreement, and the hospitals would enter into an exclusive negotiation period to further refine the agreement.
“The trustees unanimously determined that ProMedica best met the board’s objectives to expand services and also to increase access to high quality healthcare in the Monroe region,” said Donald Spencer, MD, chairman of MMHS’ board, in a news release.
MMHS will maintain a board of trustees after it becomes a member of ProMedica.
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