Skaggs Regional Medical Center and CoxHealth have signed a letter of intent to become partners. KSMU’s Jennifer Davidson has details.
The process for this alliance started in January, when Skaggs’ Board of Directors announced it was looking for a partner to enable it to continue to operate in a changing medical landscape. Skaggs serves the Branson community and the Tri-Lakes region.
Steve Edwards is the president and CEO of CoxHealth.
“Skaggs is a good hospital, in what I would consider a difficult market, given the effects of the economy. And they have asked and reached out for a partner. We’ve been longtime friends and neighbors, and we’re excited to respond to that. And then, given that we were competing with a lot of national for-profits, we were especially grateful that they chose us,” Edwards said.
The partnership will allow Skaggs to maintain a high level of independence—for example, Edwards says Skaggs will keep its own name—but it will become a subsidiary of CoxHealth. According to a release from CoxHealth, the partners will act as one entity for purchasing and contracting.
Edwards said the financial terms of the partnership are confidential, but confirmed that CoxHealth has made a commitment to bring capital improvements to Skaggs’ facilities.
This fall, the Skaggs Board of Trustees will vote on whether to formally approve the partnership.
For KSMU News, I'm Jennifer Davidson.