Erlanger Well being System has signed a non-binding letter of intent (LOI) to hitch Prisma Well being in a proposed strategic partnership that may deliver $2 billion in capital funding to the Chattanooga-based well being system.
The organizations mentioned the partnership goals to strengthen Erlanger’s long-term sustainability whereas increasing entry to specialty care, investing in amenities and expertise, and preserving key companies, together with the Stage I Trauma Middle, Youngsters’s Hospital, transplant packages, and safety-net operations. Prisma Well being, primarily based 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 change into the Regional CEO for East Tennessee, whereas the Erlanger identify, workforce, and native management construction can be retained. The organizations additionally mentioned the partnership would assist educational medication, workforce improvement, and future development all through the area.
The LOI initiates a due diligence course of, and any last 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 companies will proceed uninterrupted through the analysis course of.
