BENTON: Saline Memorial Hospital’s Board of Directors has voted to terminate their letter of intent for a partnership with Capella Healthcare.
CEO Bob Trautman said that with their improving financial performance, continuing to remain independent, at this time, was a good option for the hospital. He said it was a very difficult decision and was in no way a reflection on Capella. Both sides are both going to remain open for any potential future discussions about partnerships. He said they appreciate the Board’s thoughtful consideration of the decision as well as the patience of the hospital’s employees and medical staff throughout the due diligence.
Andy Slusser, EVP, Chief Development Officer for Capella, said they were disappointed to learn of the Board’s decision, but are pleased that they remain open to potential future discussions.