UPDATE: ROCKFORD (WIFR) – Rockford Health System and Cadence Health will no longer be partnering. The two companies had been in discussions for several months.
Back in November, they had signed a non-binding letter of intent to work together. The partnership would have meant more services for patients.
ROCKFORD (WIFR) -- To provide patients with more services and better care, a local health system is looking to partner up.
Rockford Health System has signed a letter of intent to combine with Cadence Health, which operates in Chicago’s Western Suburbs. Rockford Health System CEO Gary Kaatz says the partnership could shift employee positions but he says there should be more learning opportunities as well as more to offer patients.
“We’re going to look at coming up with innovative services, products, treatment modalities that also come with a significant decrease in cost,” said Kaatz.
The two health systems will work together over the next few months to develop specific services and costs. They hope to have a definitive plan by the end of February. They’ll then have to go through the regulatory process for approval.