Emory Healthcare, DeKalb Medical pursuing ‘strategic partnership’
This story has been updated.
Emory Healthcare announced today that it has signed a “letter of intent” with DeKalb Medical to put together a “strategic partnership” between the two.
“The Letter of Intent signals the beginning of the process to formulate a definitive agreement to bring the two health systems together under the Emory Healthcare system,” Emory University said in a press release.
A spokesperson for DeKalb Medical confirmed the details of the press release but couldn’t say much else.
“We’re now in exclusive and confidential negotiations towards the definitive agreement,” the spokesperson said. “More to come in 90 days or so.”
The partnership could be a boon to DeKalb Medical which has had financial troubles of late. In December of last year, the hospital laid off 60 employees and opted not to fill 80 vacancies. Some top executives also left the hospital.
Here is the full announcement from Emory Healthcare:
[adsanity id=38361 align=aligncenter /]
ATLANTA—DeKalb Medical and Emory Healthcare have signed a Letter of Intent to develop a strategic partnership between the two institutions.
The Letter of Intent signals the beginning of the process to formulate a definitive agreement to bring the two health systems together under the Emory Healthcare system. The partnership would allow for continued growth and expansion of services to even better serve the community. The two institutions anticipate finalizing the partnership in 2018, after receiving final approval from regulatory agencies.
“Both Emory and DeKalb Medical have a strong and historical commitment to providing exceptional care to the community,” says Jonathan S. Lewin, MD, Emory University executive vice president for health affairs and CEO of Emory Healthcare. “We understand the importance of both community hospitals and academic medical centers in delivering optimal care to our patients. A partnership with DeKalb Medical will strategically support these efforts,” says Lewin.
“We are excited about the future,” says Robert E. Wilson, president and CEO of DeKalb Medical. “Our community has counted on us for 56 years and we’ve always been here – growing to meet our community’s needs. This partnership will strengthen our ability to continue to deliver high quality community-based healthcare.”
DeKalb Medical is a not-for-profit health system consisting of three hospital campuses in DeKalb County as well as 50 DeKalb Medical Physicians Group offices with 115 providers in DeKalb and Gwinnett counties. Its medical staff includes more than 800 physicians in 49 specialties.
Emory Healthcare is the most comprehensive health system in Georgia, and includes the Emory Healthcare Network, a clinically integrated network with nearly 2,000 Emory and private practice physicians and seven hospitals in Metro Atlanta, the Emory Clinic, the Emory Wesley Woods campus, 200 provider locations across the state, and nearly 60 urgent care clinics in Metro Atlanta. Emory Specialty Associates is an outreach physician practice organization with 34 locations in 11 counties throughout Georgia.
Emory Healthcare is the clinical component of Emory University and is part of Emory’s Robert W. Woodruff Health Sciences Center, an academic health center comprising hospitals and clinics as well as schools of medicine, public health, and nursing, the Winship Cancer Institute, and Yerkes National Primate Research Center.
[adsanity id=36480 align=aligncenter /]
[adsanity id=33719 align=aligncenter /]