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SVMHS identifies organizations that submitted a proposal for affiliation

Salinas, CA March 14, 2012- Salinas Valley Memorial Healthcare System (SVMHS) today released the list of organizations that responded as part of the affiliation process. They are:

HCA Healthcare

LHP Hospital Group

Natividad Medical Center

Platinum Equity

Vanguard Health Systems

In addition, Community Hospital of the Monterey Peninsula submitted a proposal to acquire selected assets of SVMHS. The proposals will be available to the public on Monday, March 19th at www.svmh.com, or for viewing at the SVMHS Human Resources Department, 515 East Romie Lane, Salinas, 7:30-4:30 Monday, Wednesday, Thursday and 7:30 to noon on Tuesday and Friday. 

If the SVMHS Board of Directors votes to proceed with the affiliation project, the timeline, which is subject to change, is as follows:

 

  • Selection of potential affiliation partners to present             March 22nd

to special Board meeting, date to be determined

  • Presentations by potential partners at special                     Date TBD      

Board /Town Hall meeting; selection of

second round partners

  • Second round of affiliation process commences                   March 28th     
  • Completion of Affiliation                                                      Late Fall 2012
  • Town Hall Meeting                                                              April (date TBD)
  • Deadline for final second round offers                                   May 4th
  • Period to clarify and refine second round offers                     May 7th to May 24th
  • Town Hall Meeting                                                              May (date TBD)
  • Board meeting to select final affiliation partner                      May 24th
  • Negotiate Definitive Agreements                                          May 25th to June 15th
  • Board Meeting to Approve Definitive Agreements                  June 21st
  • Regulatory Approvals                                                          July – September
  • District Election to Approve Transaction                               Fall 2012

 

Salinas Valley Memorial Healthcare System is exploring the possibility of affiliating with another healthcare organization, and assessing whether such an alliance would best serve the healthcare needs of the community. ?Against the backdrop of transformation that is shaping the healthcare industry across the country, Salinas Valley Memorial is doing the work necessary to be successful in the coming healthcare reform, ensuring the organization is financially viable and able to continue delivering quality care for current and future generations.  Additional information is available at www.svmh.com/affiliation.

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