According to the agreement, the health systems will become the joint owners of Aspire Health Plan, Community Health Innovations ─ both in Monterey ─ and Salinas, Calif.-based Coastal Management Services.
“While the partnership is strategic from a business standpoint, this collaboration is ultimately designed to deliver better care to the community,” said Allen Radner, MD, CMO at SVMHS. “We are focused on keeping people healthy and that is a vision shared by both organizations.”
More articles on transactions and valuations:
ICU Medical to buy Pfizer’s infusion business for $1B
Saint Francis Health System to purchase Oklahoma hospital, affiliated clinics
Summit Healthcare Regional Medical Center taps Advanced ICU Care for telehealth services
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