Board members of Alameda (Calif.) Hospital signed a letter of intent to merge with Oakland, Calif.-based public network Alameda Health System, according to a report by the San Francisco Gate.
Alameda Hospital is currently owned and operated by its local healthcare district board. Alameda Health System is owned and operated by Alameda County in California. If the deal goes forward, the county government would assume control of the hospital from its local government owners.
Terms of the deal would require the county health system to to continue the hospital's emergency care and operate at least half of its 100 acute-care beds. The hospital would also continue to receive the $298 annual parcel tax approved by voters in 2002.
If approved by the Alameda Health Care District Board and regulators, a deal could close by the end of the year, according to the report. Financial terms of the deal were not disclosed.
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