Dignity Health Mulls Adding Teaching Hospital To System
The talks are still in preliminary stages, but Dignity Health's CFO says having an academic medical center on board would improve the system's performance.
Dignity Health Considers Joint Venture With San Francisco Teaching Hospital
San Francisco-based Dignity Health has begun negotiations with an academic medical center in the Bay Area, even as it proceeds with merger talks with Catholic Health Initiatives. During a call with analysts about its latest financial results, Dignity Chief Financial Officer Daniel Morissette said the system is pursuing a possible joint venture with an as-yet unnamed academic medical center because it would benefit Dignity's four hospitals in the Bay Area by having a teaching hospital behind them. Morissette cautioned that talks were very preliminary and confidentiality provisions in a nonbinding letter-of-intent prohibited him from naming the prospect. (Barkholz, 12/21)