The letter was not publicly released and will remain a confidential document until there is a signed agreement. NMC is the sole participant in the affiliation process after HCA withdrew last week.
SVMH has been searching for a potential partner for about a year. According to the report, the SVMH board could decide to agree to NMC’s letter of intent as soon as July 26; however, a public vote is required for an affiliation.
More Articles on SVMH Affiliation:
Competition for Salinas Valley Memorial Merger Narrows
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HCA Backs Out of Potential Salinas Valley Healthcare Merger
