Skaggs issued a request for proposal in January. Two potential partners were considered — CoxHealth and Brentwood, Tenn.-based LifePoint Hospitals. In June, Skaggs signed a letter of intent with CoxHealth.
Under the deal, Skaggs will maintain its hospital board while becoming a subsidiary of CoxHealth, but as the parent company, CoxHealth will assume the responsibilities of Skaggs’ trustees. In addition, each organization will have representation on the other’s board, which allows them to act as one entity for contracting, recruitment and growth.
The affiliation, if approved, will allow Skaggs to update its physical facility, focus on recruiting additional physicians and provide security to its 1,100 employees.
More Articles on Hospital Partnerships:
Providing Specialty Care Across the Country: NorthShore CEO Mark Neaman & Mayo Clinic Network Medical Director Dr. David Hayes Discuss Their Collaboration
Sinai Health, Holy Cross Hospital in Chicago to Merge
USF Health to Create New Health System With Lakeland Regional Health Systems
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.
