Both organizations expect to sign a formal letter of intent by March and a definitive agreement by June, pending due diligence.
Oconee CEO Jeanne Ward told The Greenville News the hospital has been searching for a partner for the past five years and chose GHS because of their “long history of working together to improve quality, service and access to care.”
In 2012, Oconee posted a total profit of $2.4 million on $124.7 million of revenue. If finalized, Oconee would become the seventh hospital within GHS. This past summer, GHS completed an affiliation deal with Laurens County Health Care System in Clinton, S.C.
More Articles on Hospital Transactions:
Alice Peck Day Health Systems Pursues Affiliation With Dartmouth-Hitchcock
Highmark’s Saint Vincent, Titusville Area Hospital Engage in Affiliation Talks
13 Recent Hospital Transactions and Partnerships
