Huntington Hospital in Pasadena, Calif., has signed a letter of intent to join Los Angeles-based Cedars-Sinai Health System.
The organizations signed the agreement March 9 after a strategic review by a special committee of Huntington Hospital's board of directors. The letter of intent calls for investments in 619-bed Huntington Hospital's information technology, ambulatory services and physician development.
"Huntington Hospital's longstanding commitment to the community, its reputation for quality and its outstanding physicians, nurses and other staff make it a very good fit for Cedars-Sinai Health System," Vera Guerin, chair of Cedars-Sinai Health System's board of directors, said in a news release. "Collaborations and sharing of resources throughout the health system will further strengthen Huntington's ability to serve the community for decades to come."
Leaders said Cedars-Sinai Health System and Huntington Hospital are working toward finalizing a definitive agreement. The transaction is subject to closing conditions and regulatory approvals.