In a move that would result in the largest health system in the Gulf South, Lafayette General Health System announced Wednesday it is seeking a merger with Ochsner Health System.The board of trustees of both health systems signed a letter of intent for the merger Wednesday morning, Lafayette General announced. Both organizations will now enter into a period of due diligence and seek required regulatory approvals, which could take several months.If approved, the merger is expected to be finalized in spring 2020. There will not be a name change in the near future, but David Callecod, Lafayette General Health president and CEO, said there will likely be dual branding for the hospital in the future.Board members expressed excitement over the opportunities the partnership would bring to health care in Acadiana.”We’re operating from a position of strength,” Callecod said. “This is the natural next step in our partnership and provides a unique opportunity to enhance services.”As part of the agreement, Lafayette General will become the regional health care hub in southwest Louisiana for the statewide health system. In return, Ochsner will invest $365 million in additional capital and resources in Acadiana over the next 10 years, $240 million of which is expected to… Read full this story
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