Premier Health Partners and Upper Valley Medical Center Finalize Affiliation
DAYTON and TROY, Ohio, Feb. 29, 2008 – Premier Health Partners and Upper Valley Medical Center have finalized a joint operating agreement proposed in November.
The approval by both organizations came at the conclusion of a due diligence process.
Upper Valley is the fourth hospital affiliated with Premier. Others include Miami Valley Hospital and Good Samaritan Hospital in Dayton and Atrium Medical Center in Middletown.
Under the joint operating agreement, Upper Valley will continue to be owned by its legal parent company, UVMC, and the UVMC board of directors will continue in its role to oversee the hospital.
UVMC Board members Peter E. Nims, M.D., and Douglas R. Murray, along with UVMC CEO David J. Meckstroth, have been appointed to the Premier Health Partners board of trustees, comprised of representatives from each of the affiliate organizations. The Premier board maintains ultimate operating authority, which includes approval rights of all member organizations’ annual budgets and any major building or service expansion projects.
About Upper Valley Medical Center
UVMC is a not-for-profit health care system serving Miami County and the surrounding area. The UVMC system was founded in 1986 as the umbrella corporation for the merger of Miami County’s previous hospitals: Stouder and Dettmer hospitals in Troy, and Piqua Memorial in Piqua. A new hospital -- the Upper Valley Medical Center -- opened in 1998, consolidating acute care services to a central location within the county. Upper Valley Medical Center today provides a full range of acute care and outpatient services, behavioral medicine programs, long-term care centers, a cancer care center, a renal dialysis center, home health care, community health/wellness programs and more. UVMC has 1,800 employees and 220 physicians.