Here are three things to know about the transaction.
1. Moab Family Medicine already operated inside the hospital’s facility, adjacent to the hospital’s Multi-Specialty Clinic. However, until the purchase, Moab Family Medicine was a separate, privately-owned practice.
2. Moab Family Medicine and the multispecialty clinic will jointly function as the Moab Regional Health Center, according to the report. All Moab Family Medicine employees are now employees of the hospital.
3. Financial terms of the purchase were not disclosed, according to the report.
More articles on transactions and valuations:
UIC, Chicago sign partnership formalizing state’s first academic public health department
Report: Hospital mergers increase institution’s value, savings
Prime Healthcare to convert RI hospital back into nonprofit
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
