Contact: Denise Bouillerce
Pleasanton, CA – The ValleyCare Corporate Membership has overwhelmingly approved proposed bylaws and articles of incorporation changes enabling the affiliation process with Stanford Health Care to move forward. Ballots were due by 5pm on November 14. At the close of balloting, 97% of Corporate Member votes were for approval, totaling 566 Corporate Member favorable votes out of 583 total votes.
“We are confident this action will have long-lasting, positive effects on our community,” says John Sensiba, chairman of ValleyCare Board of Directors. “With Stanford Health Care, we can move forward to become an even stronger and more vibrant community hospital that would make our original founders proud of the legacy they created.”
With the approval by the Corporate Membership, there are several conditions that must be satisfied before the final transaction is complete. Among these are notifying third parties of the proposed change and receiving consent from the California Attorney General.
The Attorney General will have up to 105 days to review the request, which was submitted this week, and issue a formal decision. As part of the process, the Attorney General will hold at least one public meeting and hire a third party to review the health impact of the affiliation. Pending any unforeseen event, the affiliation will be complete in the first quarter of 2015.
“The benefits of this affiliation are extraordinary,” says Scott Gregerson, CEO of ValleyCare Health System. “Health care is rapidly changing and it is our sincere desire to participate in the transformation of our industry, not simply respond to it. This relationship will afford us that opportunity. We believe ValleyCare will continue to provide the best care possible, close to home, and we are grateful for the support of the ValleyCare Corporate Membership and the community at large.”