Trends, Tricks and Trip-ups in Non-Profit Hospital Transactions
Becker's Hospital Review
Michael Peregrine emphasized the importance of board involvement in nonprofit hospital and health system mergers, saying, “If the board wasn't involved in the beginning, it can't speed learn later on” regarding all the issues involved – particularly if there is no “meeting of the minds” among board members who may hold differing views of how the new setup might look. Mr. Peregrine added that “the board's job isn't done once closing has occurred,” because of the many public communication and governance issues that must be addressed.
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