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Stanford Health Care, ValleyCare sign affiliation agreement

Pleasanton, Calif.-based ValleyCare Health System will become a subsidiary of Stanford (Calif.) Health Care under an affiliation agreement signed by the two organizations and approved by each of their board of directors.

Although the agreement has been signed, ValleyCare's corporate members still need to approve it before it goes through the regulatory review process.

"The combination of ValleyCare and Stanford Health Care will support the delivery of preeminent healthcare to Tri-Valley residents, and will advance Stanford's mission to care, educate, and discover," said Amir Dan Rubin, president and CEO of Stanford Health Care.

Stanford Health Care is a part of Stanford Medicine, which includes the Stanford University School of Medicine and Lucile Packard Children's Hospital Stanford.

More articles on healthcare industry transactions:

Massachusetts AG amends Partners agreement to include additional price restrictions
University of Rochester Medical Center, Noyes consider affiliation
6 hospital deals that fell through this year

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