The deal reportedly did not involve a monetary transaction, according to the article.
Executive Vice President for Medical Affairs at U. of C. Medicine Kenneth Polonsky said the health system is also discussing potential affiliation options with a number of community hospitals. He did not disclose the names of any interested parties, according to the article.
U. of C. Medicine officials said they also expect to hire additional physicians to be primarily based at Ingalls, as well as to provide additional services for patients receiving care at the hospital.
Ingalls retains nearly 450 physicians and 473 beds. The 805-bed U. of C. Medicine maintains approximately 850 physicians and more than 1,100 residents and fellows.
More articles on transactions and valuations:
67 recent hospital transactions and partnerships in September
CHS adopts short-term poison pill to protect stockholders’ rights
TeamHealth to acquire Florida Emergency Physicians
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