LUH, Longmont Clinic agree to sale
Last Updated: 14:26 August 21, 2013
Representatives from the hospital and Longmont Clinic have signed a letter of intent for the transaction, said Karen Logan, a hospital spokeswoman. Financial terms of the deal have not been disclosed.
With the purchase, the hospital's vision is to enhance the quality of care available between doctors and the hospital and reduce duplication of services, among other things, Logan said. The purchase also is expected to "improve responsiveness" and address the hospital's present and future changes in health-care reimbursement, Logan said.
Hospitals will be reimbursed by federal government programs on a "fee for value" model in the future, rather than a "fee for services" model they follow now, among other changes coming as part of the federal Affordable Care Act going into effect Jan. 1. The new health-care reform rules known as "Obamacare" were approved by Congress in 2010.
Longmont Clinic administrator Jack Campbell was not immediately available for comment about the planned sale. The clinic was started by a group of doctors in 1906. It employs more than 50 doctors, according to the company's website.
Longmont United Hospital has 201 beds and employs more than 1,200 people.
More breaking news...
Longmont, Dillard's still far apart on price
Mental Health Partners opens in Lyons
Longmont officials, operating as the Longmont Urban
Colorado Gives Day exceeds $20 million
The center at 329 Main St. will open Thursday, Dec. 12. The
Colorado Gives Day is an initiative established in 2010 to increase philanthropy in Colorado through online