|By Ken Carlson, The Modesto Bee|
|McClatchy-Tribune Information Services|
In a joint statement Monday, the organizations said they're in exclusive talks that could lead to a partnership. Sutter is a nonprofit health system that's affiliated with
Sutter could acquire a controlling interest in the privately owned
The statement says the two entities are in a due diligence process, and no agreements have been reached. The hospital has 150 full- and part-time employees and a medical staff of more than 200 surgeons.
To purchase a share of the business, laws would require the nonprofit Sutter to have majority ownership or management control of Stanislaus Surgical, and "that is what the parties have been discussing," said
A group of doctors established Stanislaus Surgical as a surgery center in 1984. It was licensed as a specialty care hospital in 2000, offering a personalized style of care and order-off-the-menu food serv-ice for patients.
Gallagher said an update on the negotiations is not expected for several months.
With the advent of health care reform and financial woes tied to the recession, the area's health care leaders have staked out new positions in the
In the fall,
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