Partnership Talks Extended Between Salinas Valley Memorial, Natividad

Natividad Medical Center and Salinas Valley Memorial Healthcare System, both public-owned hospitals located in Salinas, Calif., have extended negotiations to affiliate through January, according to a Californian report.

Advertisement

The 172-bed Natividad Medical Center and 269-bed Salinas Valley Memorial Hospital, which are only four miles apart, initiated partnership discussions in August. At the time, hospital officials said talks were focused on how the two organizations could improve population health and healthcare delivery in the region.

According to the Californian, Natividad and Salinas Valley Memorial executives have created and signed a nonbinding memorandum of understanding. However, they will not disclose terms of any potential definitive agreement nor the substance of negotiations. The organizations are looking at a range of “strategic relationships.” While a merger is not being discussed, it hasn’t been excluded as a possibility, according to the report.

More Articles on Hospital Transactions:
New Hampshire Approves MaineHealth’s Acquisition of Memorial Hospital
Galichia Hospital Group Assumes Management of Kentuckiana Medical Center
Allegiance Health to Become Affiliate of University of Michigan Health System

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.

Register to Attend Webinar

Reconsider What’s Possible: Enterprise RCM and the Pro-Fee Practice

Tuesday, July 28
11:00 AM - 12:00 PM CDT

Presenters: Garett Kreitz, Med-MetrixJohn Stefanowicz, Med-Metrix

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.