The hospitals, both non-profits, will form a new non-profit system, overseen by a new board of trustees. No job losses are expected in the merger, according to the report.
Valley Baptist and Knapp are moving toward a consolidation in order to increase efficiencies and improve healthcare access.
The merger still needs regulatory approval, but is expected to be completed by the end of summer, according to the report.
Read the Valley Morning Star’s report on the Valley Baptist and Knapp Medical merger.
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.
