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Dear Physician,
Al Stubblefield
President & CEO
We have reached a major milestone in the planned acquisition of West Florida Hospital, receiving clearance from the Federal Trade Commission (FTC).
After announcing plans to acquire West Florida Hospital in June, we filed notice of the transaction with the FTC on July 25, as required by the Hart-Scott-Rodino (HSR) Act. We worked closely with the FTC to provide it with the information required to conduct its preliminary review. This approval means that we can proceed with plans to acquire West Florida Hospital.
We are currently performing due diligence reviews and developing plans for the transition and consolidation of West Florida Hospital, anticipated to be completed before the end of 2008. As soon as we know the exact closing date we will let you know. From the time we close, we anticipate it will take 12 – 18 months to fully implement the consolidation of the two hospitals.
Throughout the process, we will continue to outline and communicate milestones along the way to keep you informed.
Sincerely,
Al Stubblefield
Al Stubblefield, President and CEOBaptist Health Care
The above is a general timeline that estimates the time it will take to implement the acquisition but is subject to change.
