Darryl Duncan, system president and CEO, told the publication Mon Health is acquiring the Wedgewood practice, but the physicians will not be Mon Health employees. Wedgewood physicians will work under an arrangement staff the practice for Mon Health, according to the report. Under the arrangement, Mon Health will gain sites for the practice and recruit new physicians for the Wedgewood facility.
The Wedgewood practice isn’t the only way Mon Health System is looking to expand. The system and Weston, W.Va.-based Stonewall Jackson Memorial Hospital also recently signed a letter of intent to pursue a potential partnership.
More articles on transactions and valuations:
This week’s 3 most-read transactions and valuations stories
US News: More children’s hospitals aligning to provide better care
5 most-read transactions and valuations stories in January
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.