Bristol (Conn.) Hospital and Health Care Group announced it has signed a letter of intent to be acquired by Vanguard Health Systems in Nashville, Tenn.
As part of the agreement, the hospital's board of directors will establish a 10-member board of trustees, which will be comprised of four physicians, five community leaders and Kurt Barwis, president and CEO of Bristol Hospital and Health Care Group. The financial terms of the deal were not disclosed.
With the letter of intent in place, the organizations will work over the next 60 days to prepare a definitive purchasing agreement while preparing for the certificate of need process and approval from state departments.
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As part of the agreement, the hospital's board of directors will establish a 10-member board of trustees, which will be comprised of four physicians, five community leaders and Kurt Barwis, president and CEO of Bristol Hospital and Health Care Group. The financial terms of the deal were not disclosed.
With the letter of intent in place, the organizations will work over the next 60 days to prepare a definitive purchasing agreement while preparing for the certificate of need process and approval from state departments.
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