Charlottesville, Va.-based UVA Health and Newport News, Va.-based Riverside Health System are forming an alliance to increase access to innovative care for complex medical conditions and clinical trials.
The alliance provides UVA a 5% ownership stake in Riverside and, in turn, UVA is committing financial and clinical resources to assist in growing local services in eastern Virginia. The systems will retain their existing governance and administrative structures, Becker’s reports.
Under the agreement the health systems will collaborate in multiple areas, including clinical program development, research and medical education. Read more.
