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Summa Health System enters into partnership with Catholic Health System

2:35 PM, Feb 21, 2013   |    comments
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AKRON --  The Summa Health System Board of Directors approved a Letter of Intent with Cincinnati-based Catholic Health Partners (CHP) to create a strategic partnership, pending final negotiations.

The decision comes following Summa's announcement in July that it would seek a like-minded, larger non-profit partner to enhance its strategic initiatives and strengthen its financial position in exchange for a minority interest in the organization in which Summa retains majority ownership and local control. 

The decision to seek a potential partner is part of Summa's three-year strategic planning process, which includes multiple initiatives to prepare the organization for a new era of healthcare.

WKYC-TV

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