Four-hospital Piedmont Healthcare and 410-bed St. Joseph's Health System have formally ended partnership talks. In a joint statement, the two Atlanta-based healthcare systems said they were unable to reach a consensus on how a new organization would be structured.
Piedmont, St. Joseph's end partnership talks
In a letter of intent signed in April, Piedmont and St. Joseph’s agreed to enter into discussions to create a joint operating company. The 90-day discussion period concluded last week, but the two systems could not successfully iron out the details of the partnership, said Nina Day, Piedmont’s vice president of marketing and public relations.
“It was an amicable discussion,” Day said. “We went into it saying the new company would be majority-owned and managed by Piedmont, but in the end, we just couldn’t reach an agreement.”
Piedmont is still in discussions to partner with 200-bed Henry Medical Center, Stockbridge, Ga., and will also redirect its attention toward other opportunities, Day added. “We’re certainly open to other partnerships, but it has to be the right fit,” she said.
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