Winter Haven Hospital of Polk County has merged with Tampa Bay area-based BayCare Health System.
Baycare's announcement follows months of due diligence and discussions about how the consolidation could help both organizations prepare for significant changes in U.S. health care. The Winter Haven Hospital Board of Trustees initiated the process of selecting a partner several years ago. In August of 2012, both organizations signed a letter of intent to explore consolidation, and signed the definitive agreement in April 2013.
Together, BayCare and Winter Haven Hospital will build on the cost efficiencies each have already achieved, moving forward to realize further savings through volume purchasing and the sharing of back-office functions.