Cottage Health-Sansum Clinic merger proposal withdrawn
Story updated at 5:20 p.m. May 11:
The proposed merger between Cottage Health and Sansum Clinic is dead.
Both parties agreed to withdraw the application after nearly four years of awaiting approval from the Federal Trade Commission.
“As we approach the four-year mark, we have decided together to withdraw the proposal so we can better move forward with long-term planning at each of our non-profit organizations,” Cottage Health said in a statement. “We’ll continue to work together through less formal partnerships. With ongoing uncertainty about future changes in health care on a national and state level, this ability to plan for our local organizations is essential.”
Cottage and Sansum officials both said that despite the failed merger, they will continue to collaborate.
“While we are disappointed that we are unable to move forward with a formal affiliation after years of working with the FTC toward this goal, together we are committed to ongoing collaborations and partnerships to improve the health of our community,” said Cottage Health President and CEO Ron Werft and Sansum Clinic CEO Kurt Ransohoff.
Both organizations said they intend to continue working together on clinical programs, recruitment of physicians, research and support for the Santa Barbara Neighborhood Clinics and the Cancer Center of Santa Barbara.
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