The St. Joseph Medical Center board of directors recommended the transfer of ownership, according to a news release. The recommendation comes as the hospital faces a number of challenges, including a surgical scandal involving a cardiologist and declining revenue and patient admissions.
The parties will now enter into exclusive negotiations. If they can reach a definitive agreement, the transfer would then require approval by CHI, federal, state and church authorities.
If the transfer goes through, UMMS intends to invest in upgrades to St. Joseph Medical Center as it turns the hospital into a surgical center.
Related Articles on Surgery Centers:
AmSurg Acquisitions Spark Company Growth, Need for Larger Headquarters
AR’s Drew Memorial Hospital to Build New Surgery Center
Public Comment Period on Plan for New NY Hospital and Surgery Center in Buffalo Ends March 23
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
