LA-Area Hospitals Partner Up To Reduce Costs, Share Resources
The deal between Cedars-Sinai and Torrance Memorial is not expected to lead to any layoffs or job reductions.
Los Angeles Times:
Cedars-Sinai And Torrance Memorial Hospitals Plan To Join Forces
Cedars-Sinai and Torrance Memorial hospitals plan to team up to share resources, collaborate on patient care and provide wider access to clinical trials. Under the proposed partnership, announced this week, the two Los Angeles-area healthcare institutions would keep their separate boards of directors and operate independently under their respective chief executives, each keeping their own employees and making their own staffing decisions. They would, however, affiliate under a new parent organization with a new board of directors. (Easter, 5/11)