Financial terms of the deal were not disclosed. An Albuquerque Journal report indicated UNM and its Health Sciences Center, the largest academic medical center in New Mexico, would have a 20 percent ownership stake in RMCHCS. The private, for-profit LHP Hospital Group would own 80 percent.
All parties are going through due diligence and hope to sign a definitive agreement this year.
RMCHCS is a private integrated delivery system that includes a 69-bed acute-care hospital and several clinics throughout its county.
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