UC Davis Medical Center in Sacramento and Dameron Hospital will not pursue planned joint venture structure
UC Davis Medical Center in Sacramento and Dameron Hospital Association in Stockton are not pursuing a joint venture.
For the last two years, UC Davis and Dameron Hospital have been evaluating different legal structures for partnership that would benefit both organizations, as well as the Stockton community. The decision not to pursue a joint venture structure and to reassess those plans was based on several factors, including changing community needs and the parties’ respective missions and strategic priorities. Although a formal joint venture will not be implemented in this circumstance, the organizations may continue to seek collaborations that better support their respective missions and communities.
“Getting to know Dameron and the health-care dynamics of the Stockton community has been a valuable experience for us,” said Ann Madden Rice, chief executive officer of UC Davis Medical Center. “While this joint venture will not go forward, we will work along with Dameron to seek ways to improve the quality of health care for the Sacramento and San Joaquin valleys.”
Lorraine P. Auerbach, president and CEO of Dameron Hospital, said, “We appreciate the opportunity to continue to work with UC Davis Medical Center to bring university-level services to our community.” Auerbach continued, “Dameron Hospital is in a far better position than it was two years ago. Therefore, it is now appropriate that instead of restructuring to a joint venture, we focus on developing new ways to work with UC Davis Medical Center that bring more value and sophisticated services to our local community.”
About UC Davis Medical Center
UC Davis Medical Center is a comprehensive academic medical center where clinical practice, teaching and research converge to advance human health. The medical center serves a 33-county, 65,000-square-mile area that stretches north to the Oregon border and east to Nevada. It further extends its reach through its award-winning telemedicine program, which gives remote, medically underserved communities throughout California unprecedented access to specialty and subspecialty care.
About Dameron Hospital
Dameron Hospital is a fully accredited, non-profit, 200+ bed community hospital providing acute and tertiary care to San Joaquin County residents. Dameron has been recognized nationally and statewide for the quality of many of its services and programs, including designation from HealthGrades® for Five Star Rated Joint Replacements in the Stockton Region, since 2012. Dameron has also been recognized as a Top Performer for its Quality Metrics by the Joint Commission. Dameron’s services include Cardiology and Cardiac Surgery, Orthopedics, Bariatric Surgery, Intensive Care Services and Neonatal ICU as well as general acute care, Emergency, Ambulatory Care & Occupational Health.