The boards of directors of Canton, Ohio-based Aultman Health Foundation and the Alliance Citizens Health Association signed a letter of intent to negotiate an affiliation between Alliance (Ohio) Community Hospital and the Foundation.
Under the letter of intent, Alliance Community Hospital will retain its brand, management and staff. The hospital will also be governed by a 14-member board of trustees, with each institution maintaining equal representation.
Officials said proceeds from the affiliation — to be determined in the definitive agreement — will be donated to the Alliance Community Hospital Foundation and be used to improve the health of community residents.
The Aultman Health Foundation and Alliance Community Hospital previously engaged in a joint venture agreement nearly 20 years ago that resulted in the construction of the hospital. They also built a heart center and a cancer center in Alliance.
Officials expect to sign a definitive agreement in fall 2017, and anticipate the affiliation to be effective Jan. 1, pending regulatory approval.