Anne Arundel Medical Center in Annapolis, Md., and Doctors Community Health System, a single-hospital system based in Lanham, Md., have announced merger plans.
Four things to know:
1. The two hospitals have started the due diligence process and are working toward a definitive merger agreement.
2. Through the transaction, which requires regulatory approval, Anne Arundel Medical Center would invest up to $138 million over five years into Doctors Community Health System's campus and its IT infrastructure. The funds would also be used to expand inpatient and outpatient care.
3. Doctors Community Health System CEO Philip Down said the hospital vetted many affiliation opportunities before choosing to enter into merger discussions with Anne Arundel Medical Center.
4. The hospitals said they plan to announce a name for the new health system this summer.
More articles on healthcare industry transactions:
AdventHealth, Wake Forest Baptist to expand partnership
Illinois hospitals end merger talks
Bon Secours to merge with Ireland's largest private health system