Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

CHI Seeks New Owner for Saint Clare's Health System in New Jersey

Saint Clare's Health System based in New Jersey., and Catholic Health Initiatives in Englewood, Colo., have announced a decision to seek a new owner for Saint Clare's Health.

The Saint Clare's Health board has recommended Ascension Health Care Network, an affiliate of Ascension Health in St. Louis, Mo., as a potential new owner. The parties have agreed to enter into exclusive negotiations with the intent of signing a non-binding letter of intent to transfer ownership of Saint Clare's to Ascension Health.

Terms of the agreement will be negotiated. A definitive agreement is expected around June 30 with the transaction closing before the end of the year if approved by Catholic Health, federal, state and Church authorities.

More Articles on Health System Transactions:

Cheboygan Memorial Hospital in Michigan Proposes Quick Sale to McLaren Health
Resurrection Health Care, Provena Health Name Joint System Presence Health
Evergreen Healthcare, Virginia Mason Approve Strategic Partnership

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars