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

LifeBridge Health signs letter of intent to integrate Maryland hospital

The boards of LifeBridge Health, a four-hospital system in Baltimore, and Elkton, Md.-based Union Hospital of Cecil County signed a letter of intent to merge Jan. 18.

Under the letter of intent, Union Hospital and its affiliates will join LifeBridge Health and maintain representation on LifeBridge's board of directors.

The agreement indicates the two organizations will enter into exclusive negotiations and due diligence. Officials do not expect to formulate a final agreement — which will require approval by the boards of both organizations and regulatory approval — for several months.

More articles on transactions and valuations:
Brown University med school professor: University's plan to buy Care New England is a bad idea
Erlanger looks to acquire first hospital outside of Tennessee
8 recent hospital transactions and partnerships

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

 

Featured Whitepapers

Featured Webinars