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Sitka Community Hospital abandons JV talks, looks to merge with SEARHC

The Sitka (Alaska) Community Hospital board has scrapped plans for the hospital to engage in a joint venture with the Southeast Alaska Regional Health Consortium and instead discussed a possible merger between the two organizations, according to KCAW Radio.

Bryan Bertacchi, utility director and board chairman at Sitka Community Hospital, said the hospital's reason to participate in a merger instead of a joint venture is purely financial. If the hospital pursued other management models, the city of Sitka would be responsible for funding $2 million in startup costs and would hold a minority stake in the joint-ventured entity, exposing the city to financial risk, according to the article.

The hospital board approved a letter of intent for the hospital to integrate operations with Mt.Edgecumbe Hospital, a member of SEARHC, in December.

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