The health system’s board unanimously decided Tuesday not to consolidate the facilities following an examination of community demographics, patient population and the area’s economic viability, the report states.
ThedaCare conducted a survey earlier this year to gauge community interest in combining the two hospitals. Results from the study indicated mixed support for the merged entity. Neenah community officials also conducted a survey regarding the proposed consolidation. The results of that survey indicated strong opposition to the creation of a single facility, according to the report.
More articles on transactions and valuations:
Wake Forest Baptist to purchase High Point Regional
Johns Hopkins goes global, pursues 19 healthcare ventures across 5 continents
S&P wary of proposed Partners HealthCare, Care New England deal
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.
