Blade: ProMedica announces bid to take over operations of UTMC

“ProMedica announced Wednesday that it has bid to take over operations of the University of Toledo Medical Center.

The University of Toledo had set a Wednesday deadline for bids to purchase, lease, or manage the former Medical College of Ohio Hospital.

ProMedica said its proposal would keep UTMC publicly owned. According to the system, the university would remain owners of the hospital while ProMedica would “provide management and other services.” The university and health-care system signed a 50-year affiliation agreement with the hospital in 2015. “

Click here to read the full article