Webster County Memorial, Davis Health to explore affiliation

Webster Springs, W.Va.-based Webster County Memorial Hospital and Elkins, W.Va.-based Davis Health System signed a letter of intent to discuss a possible affiliation, The Inter-Mountain reports.

Advertisement

Officials shared news of the agreement with Webster County commissioners during a meeting June 28.

During the next several months, leaders from both organizations will conduct an analysis of potential cost saving measures, efficiencies of scale, shared physician recruitment and contractual relationships, among other measures, to determine the best type of partnership for the organizations. The affiliation will not result in a merger or acquisition, officials said.

Officials did not provide a timeline for negotiations, according to the report.

More articles on transactions and valuations:
Billionaire Dr. Patrick Soon-Shiong’s company acquires majority stake in Integrity Healthcare
5 most-read transactions and valuations stories in June
79 hospital transactions and partnerships in June

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.

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.