Des Moines-based Iowa Health System and Peoria, Illinois-based Methodist Health Services Corp. recently entered into an agreement to form a strategic partnership. The two currently have a non-binding letter of intent to form the partnership.
After due diligence and other subsequent processes have been completed, Methodist Health Services Corp. will become the 8th senior affiliate under Iowa Health System.
IHS officials said that they became interested in Methodist Health because they feel that they share a similar vision and values and are passionate about providing quality healthcare. IHS uses a decentralized control system that will keep Methodist Health with its own local board of directors.
If you or someone you know has questions about due diligence in business transactions, contact the Des Moines due diligence in business transactions attorneys of LaMarca & Landry, P.C. at 877-327-2600 to speak with one of our lawyers today.