Along with describing the financial obligations of both organizations, the agreement solidified the two organizations' intent to create a physician organization that would consolidate both organizations' physician practices, according to the report.
"As the region's only academic medical center, this partnership will greatly enhance the recruitment of top-notch physicians to our community, increase clinical research participation and lead to even better quality outcomes," said Kevin M. Spiegel, president and CEO at Erlanger, in the report.
More Articles on Hospital Affiliations:
Lahey Health, Winchester Hospital Expected to Finalize Affiliation by July
Mendota Community Hospital to Affiliate With OSF Healthcare
7 Recent Hospital Transactions and Partnerships