Erlanger Well being System has signed a non-binding letter of intent (LOI) to hitch Prisma Well being in a proposed strategic partnership that might deliver $2 billion in capital funding to the Chattanooga-based well being system.
The organizations stated the partnership goals to strengthen Erlanger’s long-term sustainability whereas increasing entry to specialty care, investing in services and know-how, and preserving key providers, together with the Degree I Trauma Heart, Youngsters’s Hospital, transplant applications, and safety-net operations. Prisma Well being, based mostly in Greenville, South Carolina, serves greater than 1.6 million sufferers yearly throughout 20 hospitals.
Underneath the proposal, Prisma Well being would set up its East Tennessee regional headquarters in Chattanooga. Erlanger President and CEO Jim Coleman would grow to be the Regional CEO for East Tennessee, whereas the Erlanger identify, workforce, and native management construction could be retained. The organizations additionally stated the partnership would help tutorial medication, workforce improvement, and future progress all through the area.
The LOI initiates a due diligence course of, and any ultimate settlement would require approval from Erlanger’s Board of Administrators, the Erlanger Well being Oversight Panel, the Hamilton County Fee, and state and federal regulators. Each organizations emphasised that affected person care and providers will proceed uninterrupted through the analysis course of.
