Here are four things to know about the transaction.
1. The deal will include a new medical campus in Minot. Timelines for construction are still being finalized.
2. Under the deal, Billings Clinic RegionalCare will enhance Trinity’s ability to connect patients with sub-specialized care and commit to fund necessary capital needs and new strategic initiatives, according to a news release. Billings Clinic RegionalCare will also work with the medical staff, continue to recruit new physicians and healthcare providers into the community and across the region, adopt Trinity’s current charity and indigent care policy and commit to hire all current Trinity employees in good standing, among other things.
3. Under the deal, Trinity will continue to have local leadership through a community board, physicians and a management team based in Minot.
4. The transaction is expected to close prior to the end of 2015.
More articles on hospital transactions and valuation issues:
Healthcare deals down year-over-year in May
CHRISTUS Health Louisiana, Ochsner Health System partner: 6 things to know
Silverton Health may become part of Legacy Health
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.