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Joint Venture for Cedars-Sinai and Providence St. Joseph

By Thomas M. Priselac, President and CEO

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Thomas M. Priselac

Building on our mission to expand access to high-quality care, I am delighted to announce that Cedars-Sinai and Providence St. Joseph Health have agreed to create a joint venture in the San Fernando Valley.

The joint venture will own and operate Providence Tarzana Medical Center, whose new name will be Providence Cedars-Sinai Tarzana Medical Center.

This undertaking will further extend our commitment to serve patients throughout the region by augmenting other healthcare options we already provide in Marina del Rey, Playa Vista, Culver City, Santa Monica, the South Bay—through the affiliation with Torrance Memorial Medical Center—and other communities. It brings together two mission-driven organizations whose expertise will create a medical destination offering exceptional healthcare to residents of the Tarzana area.

The joint venture has been approved by each institution’s board of directors. Soon, it will be submitted to the state attorney general for review.

The organizations will continue to build out the Tarzana medical campus with a new state-of-the-art patient-care tower already under development on the site. Many healthcare specialties will be expanded through the new partnership, including heart and cancer programs as well as women’s health services.

Through the joint venture, Providence and Cedars-Sinai will continue to operate as separate, independent healthcare organizations. Providence Cedars-Sinai Tarzana Medical Center will maintain its Catholic identity while embracing the diversity of all faiths.

We look forward to working closely with our partners at Providence. I am including a copy of the news release that Cedars-Sinai and Providence are issuing today.

Thank you for your continued commitment and dedication to our mission.