After completing an assessment of the hospital’s financial and operational issues as well as market position, the board of trustees decided to explore strategic affiliations, according to the report.
“It is our fiduciary responsibility to position and strengthen the hospital so it can deliver those services for years to come,” Rehoboth Board Chair Kathy Head said, according to the report. “Any decision about whether to remain completely independent or to enter into a strategic partnership or affiliation is very difficult and must be made with much deliberation and consideration.”
Additional details on the partnership search were not disclosed.
More Articles on Hospital Partnerships:
Prime Healthcare Receives Court Approval to Acquire Landmark Medical Center
Trinity Health, Catholic Health East to Explore Merger
Ascension Health Enters Negotiations to Sell St. Joseph, St. Mary’s Medical Centers to HCA Midwest Health
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
