Cheyenne Regional Medical Center is not selling to Brentwood, Tenn.-based RegionalCare, which in March made an unsolicited offer of $80 million to lease and operate the hospital and $100 million for new construction.
The alignment process will focus on the improving the hospital’s quality, strengthening relationships with physicians and solidifying the hospital’s future. Members of the hospital’s Board of Trustees, the Laramie County Commission and members of the Cheyenne Regional Foundation Board will help develop Cheyenne Regional’s plans for the future.
Although the hospital is not considering selling, it may consider partnerships to reduce the cost of new technologies and government programs.
Read the hospital release on its announcement that it will not sell.
Related Articles on Cheyenne Regional Medical Center:
Wyoming Medical Center and Cheyenne Regional Medical Center in Talks for Statewide ACO
Tennessee’s RegionalCare Offers $181.5M for Wyoming Non-Profit Hospital
Tennessee’s RegionalCare Makes Unsolicited Offer to Acquire Cheyenne Regional Medical Center
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