The proposed agreement would bring the two hospitals, as well their clinics in four San Luis Valley locations, under the newly-created San Luis Valley Health.
SLV Regional Medical Center partnered with CCH in 2003 to combine resources to preserve healthcare services in southern San Luis Valley. According to the report, expert advisors analyzed the current system and recommended further integration for continued success.
According to the report, a task force of officials from both hospitals formed to address issues associated with bringing the two entities together, such as governance, operations, human resources and corporate structure. The boards of both hospitals are expected to review the task force’s recommendations in December.
More Articles on Hospital Mergers:
Underwood-Memorial Hospital and South Jersey Healthcare Finalize Merger
Carle Health System Acquires Hoopeston Regional Health Center
To Be or Not To Be Independent: 5 Considerations for Community Hospitals
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.