Diagnostic Clinic, Longview Regional sister company to merge
From Staff Reports
Jan. 31, 2012 at 3:25 a.m.
The parent company of Longview Regional Medical Center, Community Health Systems, announced this morning that a subsidiary of the company has entered into an agreement to merge operations with Diagnostic Clinic of Longview.
After the transaction is completed, the physicians of Diagnostic Clinic of Longview will be employed by a separate entity in accordance with Texas law, according to Wayne T. Smith, chairman and CEO of Franklin, Tenn.-based Community Health Systems.
The agreement will create the foundation for a new integrated healthcare delivery system with Longview Regional Medical Center, which is owned by a separate subsidiary of Community Health Systems, he said.
The transaction is subject to normal closing conditions and is expected to be completed over the next few months, Smith said in a prepared statement.
Diagnostic Clinic of Longview is a multi-specialty clinic serving residents of Longview and the surrounding region. Diagnostic Clinic of Longview is one of the largest multi-specialty practices in East Texas with more than 100 physicians, approximately 30 mid-level providers and 500 other employees providing quality patient care in 18 locations.
"Longview Regional Medical Center and Diagnostic Clinic of Longview have worked together for more than 30 years to increase access to comprehensive, high-quality healthcare services for residents of their community," Smith said.
"The formation of this network of providers is a progressive strategy that will enhance clinical collaboration, create a more coordinated patient experience across the continuum of care, advance operational objectives for the hospital and the practice, and bring immense benefit to the entire community," Smith said.
"We look forward to working with the leadership, physicians, mid-level providers, and employees of this highly regarded practice."
Community Health Systems is one of the largest publicly-traded hospital companies in the United States and is a leading operator of general acute care hospitals in non-urban and mid-size markets throughout the country.
Through its subsidiaries, the company currently owns, leases or operates 133 hospitals in 29 states with an aggregate of approximately 20,000 licensed beds. Its hospitals offer a broad range of inpatient and surgical services, outpatient treatment and skilled nursing care.