By HFT Staff

Rapid City Medical Center and Monument Health announced that they have signed a Letter of Intent (LOI) for Rapid City Medical Center to join Monument Health.  Under the LOI, the parties will perform further due diligence with the intention to sign definitive agreements and close on the transaction later this spring.   

The LOI provides a framework for the organizations to come together after closing to support shared priorities. In conjunction with the deal, while many Rapid City Medical Center physicians will join Monument Health, other physicians will continue to serve the community by remaining independent or joining other practices. 

Both organizations will continue to operate independently through the transition process. Patient care, providers, clinic locations and insurance participation currently remain unchanged.