Becker's Healthcare December 12, 2024
Brentwood, Tenn.-based Quorum Health and Bay Area Hospital in Coos Bay, Ore., have signed a letter of intent to partner.
Here are five things to know:
1. The transaction is expected to be completed by the end of the second quarter of 2025, pending agreement on final terms and receipt of regulatory approvals, according to a Dec. 11 news release from Bay Area Hospital.
2. The letter of intent, signed Dec. 11, explores a potential transaction in which a Quorum subsidiary “would enter into a purchase or lease transaction and have responsibility for the operations of the hospital,” a Quorum spokesperson said in a statement shared with Becker’s.
3. While terms are not finalized, Quorum has agreed to maintain...
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