Longview, Texas-based Good Shepherd Health System has signed a memorandum of understanding to be acquired by Brentwood, Tenn.-based Duke LifePoint Healthcare.
Under the proposal, Duke LifePoint has promised to make significant capital investments in GSHS' technology, equipment and facilities.
With the memorandum of understanding signed, the two organization have entered a period of due diligence, after which the acquisition will be subject to state and federal review.
Formed in 2011, Duke LifePoint is a joint venture between Durham, N.C.-based Duke University Health System and Brentwood, Tenn.-based LifePoint Health. Duke LifePoint consists of 14 hospitals in four states and a healthcare services company offering hospital-based catheterization labs and services.