California-based Huntington Hospital has signed a letter of intent (LoI) to join Cedars-Sinai Health System.
Cedars-Sinai Health System was set up in 2017 to bring together a collaborative network of healthcare institutions to share resources and expertise.
Presently, Cedars-Sinai Health System includes Cedars-Sinai and Torrance Memorial.
Cedars-Sinai comprises the 890-bed Cedars-Sinai Medical Center and the 145-bed Cedars-Sinai Marina del Rey Hospital in addition to its network of physicians and medical offices throughout Southern California.
Torrance Memorial includes the 470-bed Torrance Memorial Medical Center, its network of physicians and medical offices throughout the South Bay.
The LoI provides sustained investment in enterprise information technology, ambulatory services and physician development of Huntington Hospital.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
It also provides for continued local governance and ongoing community commitment to advancing Huntington’s existing mission and unique culture.
Huntington Hospital board of directors chairman Jaynie Studenmund said: “I am delighted to announce this first step toward creating an affiliation between Cedars-Sinai Health System and Huntington Hospital that will further strengthen the communities we serve.
“After reviewing a variety of alternatives, it became clear to our board that connecting our trusted brand of care to Cedars-Sinai Health System is the right choice to secure our future, enabling us to continue to provide high-quality care to the community for years to come.”
Huntington Hospital expects that the collaboration will be beneficial for its patients, doctors and associated clinical staff in several ways in the years to come.
With the completion of the letter of intent, Cedars-Sinai Health System and Huntington Hospital will commence work on definitive agreement.
Huntington Hospital stated that the completion of the affiliation is subject to customary closing conditions, including securing necessary regulatory approvals.
Cedars-Sinai Health System board of directors chairman Vera Gueri said: “Huntington Hospital’s longstanding commitment to the community, its reputation for quality and its outstanding physicians, nurses and other staff make it a very good fit for Cedars-Sinai Health System.
“Collaborations and sharing of resources throughout the health system will further strengthen Huntington’s ability to serve the community for decades to come.”