Southern Maryland Hospital Center in Clinton, Md., plans to become a member of Columbia, Md.-based MedStar Health.
According to the release, as a member of MedStar, SMHC will have greater access to capital for new construction, comprehensive clinical services and technology, academic medicine, innovative research and clinical trials.
Both organizations will work together to secure all necessary regulatory approvals. They anticipate completing the acquisition process by the end of this year, according to the release.
Advocate Healthcare, Cadence Health Compete to Merge With Sherman Health
Verdugo Hills Hospital Enters Merger Talks With USC's Keck Medical Center
According to the release, as a member of MedStar, SMHC will have greater access to capital for new construction, comprehensive clinical services and technology, academic medicine, innovative research and clinical trials.
Both organizations will work together to secure all necessary regulatory approvals. They anticipate completing the acquisition process by the end of this year, according to the release.
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Verdugo Hills Hospital Enters Merger Talks With USC's Keck Medical Center