National Jewish Health, Exempla Saint Joseph Hospital, and the hospital's parent company, SCL Health System — all based in Denver — have signed a joint operating agreement.
Under the agreement, the Denver healthcare organizations will jointly own a new entity that will aim to expand and enhance high-quality, affordable healthcare in both inpatient and outpatient settings, according to a news release. Clinical operations at both NJH and Exempla Saint Joseph will be jointly managed through the new entity. However, each organization will still retain its own assets and employees. NJH, SCL and Exempla Saint Joseph will also retain other components of their respective business operations, such as NJH's research, educational and health promotion efforts.
The entity is being formed as a nonprofit corporation and will officially start business this August. SCL and NJH originally signed a letter of intent last September to create the joint venture.
"Through this collaboration, we are committed to clinical excellence, improved patient care and access, increased patient satisfaction and more affordable care," said Michael A. Slubowski, president and CEO of SCL, in the release. "This truly is a transformational partnership that will elevate how care is provided by the outstanding physicians and caregivers associated with both hospitals."
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