According to the agreement, UnityPoint will become the sole corporate member of KHS, assuming accountability and responsibility for the system, including the system’s annual budget, debt and any ongoing capital needs, such as renovations to the existing facility. KHS leadership will continue to run KHS’ day-to-day operations.
The agreement also acknowledges that Quincy (Ill.) Medical Group, an independent organization affiliated with UnityPoint Health, will be able to expand its available clinical services in the community of Keokuk.
Discussions to procure an official agreement will start immediately, according to the article.
More articles on transactions and valuations:
ICU Medical to buy Pfizer’s infusion business for $1B
Saint Francis Health System to purchase Oklahoma hospital, affiliated clinics
Summit Healthcare Regional Medical Center taps Advanced ICU Care for telehealth services
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
