If everything goes as planned, the sale will close sometime around January 2014, LUH President and CEO Mitch Carson told the Times-Call. Terms of the deal were not disclosed.
By purchasing the clinic, LUH aims to enhance care coordination, improve quality of care, improve responsiveness to healthcare reimbursement changes and reduce duplication of services, according to the report.
The hospital and clinic have collaborated previously to create the Firestone, Colo.-based Carbon Valley Medical Center, which opened in 2004. LUH owns the land, and the clinic operates the center, according to the report. Longmont Clinic employs more than 50 physicians in 20 medical specialties, while the 201-bed LUH employs more than 1,260 people.
More Articles on Hospital Partnerships:
Catholic Health Initiatives Forms New Management-Services Organization
5 Stories on Physician Alignment and Integration Strategies
Northwestern Memorial HealthCare to Take On Debt in Physician Group Deal