Providence St. Joseph Health and Cedars-Sinai Tuesday announced a joint venture that will own and operate Providence Tarzana Medical Center that officials said would make a broader range of services available to San Fernando Valley residents.
Providence will retain controlling interest in the medical center, which will retain its Catholic identity while embracing the diversity of all faiths, according to Erik G. Wexler, chief executive of Providence St. Joseph Health Southern California.
The employment of Providence employees who provide services on behalf of Providence Tarzana Medical Center will not be affected by the formation of the joint venture, Wexler said.
Providence and Cedars-Sinai will jointly continue the redevelopment of the Tarzana campus, including a new patient-care tower with all private rooms, an expanded Emergency Department, new diagnostic and treatment services, and enhanced outpatient and ambulatory services under development, Wexler said. The redevelopment is set to completed in 2022.
The joint venture will expand primary and specialty care services on the Providence Tarzana campus as well as enhance other programs, including heart, cancer and women’s services, Wexler said.
Providence and Cedars-Sinai will continue to operate as separate, independent health care organizations and maintain their distinct identities, Wexler said.
The medical center’s new name will be Providence Cedars-Sinai Tarzana Medical Center.
“This unique partnership brings together two mission-focused organizations that will work together to build the hospital of the future on the Providence Tarzana campus and provide high-quality care close to home,” Wexler said.