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Boca Raton Regional searches for 'strategic partner'

Boca Raton (Fla.) Regional Hospital officials are seeking a strategic partner with the possibility of entering into an acquisition or merger, according to a South Florida Business Journal report.

Officials said the 400-bed hospital's board of directors formed a steering committee to evaluate proposals from various health systems.

Boca Raton Regional Hospital President and CEO Jerry Fedele said regardless of its affiliation prospects, the hospital will remain a nonprofit, according to the report.

Officials have not released a timeline for the process.

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