The two were in talks to create a vertically integrated healthcare delivery system for nearly 18 months, according to the report.
In May, both facilities signed a memorandum of understanding and began the process of evaluating various aspects of a proposed affiliation, including potential financial models.
Officials from both organizations determined that the groups would not “be able to find a sustainable financial model acceptable to both parties,” according to the report.
The organizations will continue to discuss alternative cooperation options, according to the report.
More articles on transactions and valuations:
Florida’s Memorial Healthcare System joins precision medicine network
8 recent hospital transactions and partnerships
Charlotte Hungerford, Hartford HealthCare boards agree to affiliate
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
