Teton Medical Center, Benefis deal to close at the end of the month

Teton Medical Center in Choteau, Mont., is being sold to Great Falls, Mont.-based Benefis Health system for $500,000, and the deal is scheduled to close April 30, according to a Choteau Acantha report.

Advertisement

To prepare for the transition, Benefis personnel have been working on becoming acquainted with the TMC facility, meeting with employees and providing some pre-sale help, TMC Administrator Louie King told the Choteau Acantha.

Also, Mr. King told the publication, the hospital is trying to collect as many of its receivables as possible before the end of April.

The Teton County Hospital District approved the sale last month.

Under the sale contract, Benefis has agreed to provide inpatient and outpatient critical access hospital services in Choteau for at least seven years, and to provide “other essential services,” such as emergency room services, physical therapy, occupational therapy, laboratory, X-ray, clinic, and long-term care, for at least 15 years, according to the Choteau Acantha. The report notes that the provision to provide these services is based on various conditions.

 

More articles on capacity management:

VA wait times have not improved, despite efforts

Gateway Regional Medical Center hopes to stop using pediatric beds

4 strategic ways to improve ED throughput

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

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.