On the road to merger? Piedmont Healthcare-WellStar form joint venture (Atlanta Business Chronicle)

November 12, 2012 – Piedmont Healthcareand WellStar Health System will partner to save costs. The two hospital networks will create the Georgia Health Collaborative to share clinical care best practices and leverage economies of scale for better pricing on supplies and insurance reimbursement. The joint venture, sources say, could foreshadow a possible acquisition. Piedmont and WellStar executives waved off acquisition speculation. For now. “We’ve had no discussions, or plan on immediate discussion about other levels of afffiliation,” WellStar CEO Reynold Jennings said Monday afternoon. Greg Hurst, interim president and chief operating officer at Piedmont Healthcare, left the door further open. “We are not going to rule anything out down the road,” Hurst said. “It’s a rapidly transitioning healthcare environment.”

Link to Full Article: http://www.bizjournals.com/atlanta/blog/a-healthy-conversation/2012/11/piedmont-healthcare-and-wellstar-form.html

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