UC Davis Medical Center in Sacramento and Dameron Hospital in Stockton, Calif., have agreed to form a joint venture.
The joint venture will allow Dameron Hospital to strengthen its medical services while delivering more care locally, and it also advances UC Davis' land-grant mission to meet societal needs, according to the release.
Both organizations agreed to form Dameron Davis Management Company, a limited liability company, which will own and operate Dameron Hospital.
UC Davis and Dameron officials expect to finalize the formation of the LLC over the next several months and launch the venture in spring 2013, according to the release. The non-profit LLC will be governed by a board of managers appointed by UC Davis and Dameron.
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The joint venture will allow Dameron Hospital to strengthen its medical services while delivering more care locally, and it also advances UC Davis' land-grant mission to meet societal needs, according to the release.
Both organizations agreed to form Dameron Davis Management Company, a limited liability company, which will own and operate Dameron Hospital.
UC Davis and Dameron officials expect to finalize the formation of the LLC over the next several months and launch the venture in spring 2013, according to the release. The non-profit LLC will be governed by a board of managers appointed by UC Davis and Dameron.
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