The 2,300 members of the Valley Hospital Association, which oversees 36-bed Valley Hospital, Palmer, Alaska, will vote on a proposal from Triad Hospitals, Dallas, to build a $75 million, 75-bed replacement facility near Palmer, Triad said. A two-thirds majority must vote in favor of the proposal; ballots are due Nov. 14. Triad would be the majority owner in a joint venture with the not-for-profit association, but the company and the association would each name half of the joint venture's 10-member board, according to a statement from the association. The new Valley Hospital would not be the first investor-owned hospital in the state, said Laraine Derr, president and CEO of the Alaska State Hospital and Nursing Home Association. HCA, Nashville, purchased 178-bed Alaska Regional Hospital, Anchorage, in the early 1990s, Derr said. Quorum Health Resources, a Triad unit based in Brentwood, Tenn., manages two Alaska hospitals, but Triad does not own or operate any hospitals in the state. -- by Vince Galloro
Joint venture plan may bring Triad to Alaska
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.