Sansum Clinic and Cottage Health System have signed a letter of intent to merge and create an integrated health system combining three hospitals and 23 ambulatory sites serving patients near Santa Barbara, Calif., according to a news release.
Financial terms weren't disclosed, but the parties plan on making an announcement by October. Cottage Health is a three-hospital, not-for-profit system that includes its flagship facility, 345-bed Santa Barbara Cottage Hospital. Cottage is one of three systems headquartered in Santa Barbara. There's also two-hospital College Health Enterprises and four-hospital Integrated Healthcare.