SoutheastHEALTH is looking to partner with a larger health care system, KFVS reports.
According to President and CEO Ken Bateman, he anticipates the board will lay out objectives for the requests for proposals at their June meeting and outline prospective partners in July.
In addition, they will work with an investment bank and financial services company to write a letter of intent for a potential partner in the fourth quarter.
A partnership could be finalized by the fourth quarter of 2023.
Bateman said the plan is not based on financial need, citing a bond sale in May 2021 with more than $1.3 billion in orders, more than 20 times the $65 million of bonds issued.
According to SoutheastHEALTH, a partnership with a larger system will give them more resources, including better access to specialty care, better employee wages and benefits and supply chain contracts. Read more.
