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Huntington Hospital Signs Letter of Intent to Join Cedars-Sinai System
Business Mar 10, 2020
Image used for illustration only. - Courtesy photo by Luis Melendez on Unsplash
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Letter of intent provides for continuedlocal governance, ongoing community commitment
Huntington Hospital and Cedars-Sinai HealthSystem have announced the signing of a letter of intent for Huntington toaffiliate with Cedars-Sinai Health System.
Cedars-Sinai Health System was established in2017 to provide a platform for high-quality healthcare institutions tocollaborate and share resources and expertise. It currently comprisesCedars-Sinai (which includes Cedars-Sinai Medical Center and Cedars-SinaiMarina del Rey Hospital, as well as its network of physicians and medicaloffices throughout Southern California) and Torrance Memorial (which includesTorrance Memorial Medical Center, its network of physicians and medical officesthroughout the South Bay).
The letter includes commitments for continuedinvestment in Huntington Hospital—in enterprise information technology,ambulatory services and physician development. It resulted from a strategicreview by a special committee of the Huntington Hospital board of directors,led by Chair Jaynie Studenmund.
“I am delighted to announce this first step toward creating an affiliation between Cedars-Sinai Health System and Huntington Hospital that will further strengthen the communities we serve,” said Studenmund. “After reviewing a variety of alternatives, it became clear to our board that connecting our trusted brand of care to Cedars-Sinai Health System is the right choice to secure our future, enabling us to continue to provide high-quality care to the community for years to come.”
“Huntington Hospital’s longstanding commitmentto the community, its reputation for quality and its outstanding physicians,nurses and other staff make it a very good fit for Cedars-Sinai Health System,”said Vera Guerin, chair of the Cedars-Sinai Health System Board of Directors.
Huntington Hospital anticipates that the sharedclinical expertise from affiliating Cedars-Sinai Medical Center will benefitits patients, physicians and allied clinical staff in many ways in the yearsahead.
The letter sustains Huntington’s 128-year legacy and its connection to the communities it serves. It provides for an ongoing commitment to advancing Huntington’s existing mission and unique culture as a community institution governed by its local community board. In addition, philanthropy and volunteer support will remain locally controlled and utilized for Huntington Hospital and its existing community.
For now, it remains business as usual atHuntington Hospital. There is currently no plan for a change in job positionsbased on the letter of intent.
With the letter of intent completed,Cedars-Sinai Health System and Huntington Hospital now begin work on adefinitive agreement. Completing the affiliation is subject to customaryclosing conditions, including securing necessary regulatory approvals.
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