Due diligence is ongoing since the two signed a memorandum of understanding in December, when both parties expressed that they expected to complete the process within three months and finish the affiliation during the 2013 calendar year. However, there are many regulatory hurdles remaining, including obtaining a certificate of need, as well as approval from the Federal Trade Commission and the religious authorities that oversee St. Elizabeth, before the boards can sign a definitive agreement.
The proposed name for the merged system would be Mohawk Valley Health System, but both hospitals would retain their identities, with St. Elizabeth subject to Catholic clinical policies and Faxton St. Luke ‘s remaining a secular entity, according to the report.
More Articles on Hospital Affiliations:
Guthrie Health, Memorial Hospital in Pennsylvania Consider Possible Affiliation
Sanford Health, Jamestown Regional Medical Center Pursue Affiliation
OSF HealthCare in Illinois Enters Mayo Clinic Care Network
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