Broadway Medical Center in Alexandria takes step to merge with Sanford Health
Broadway Medical Center in Alexandria and Sanford Health announced today that they have agreed to a letter of intent (LOI). This is non-binding first step in a potential merger.
The LOI allows the entities to complete "due diligence," which includes financial, legal and business information that will help validate if joining together is a good decision for both organizations. A timeline of January 1, 2012 has been set for a potential definitive agreement.
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