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Salem Health, OHSU plan affiliation

Salem (Ore.) Health and Oregon Health & Science University in Portland expect to sign a letter of intent in early May to affiliate their clinical enterprises, officials said this week.

The affiliation would create a new joint management company to manage the entities' respective clinical services as an integrated health system.

The company, which would have a CEO and small strategic team, would be responsible for integrating and managing the strategic, financial and clinical functions of OHSU's and Salem Health's clinical enterprises, according to officials. Salem Health and OHSU would keep their separate boards of directors and separate hospital licenses. Additionally, the organizations would retain authority over their labor, employment and regulatory activities. Employees would continue to work for their respective organizations.

 

More articles on hospital transactions and valuation issues:

Clifton Springs Hospital & Clinic joins Rochester Regional Health System

CHS divests 2 South Carolina hospitals

Mountain States, Wellmont merger confirmed

 

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