Real Estate & Construction  May 26, 2010

LUH, PVHS negotiating joint venture

LONGMONT – Longmont United Hospital is in contract negotiations with Poudre Valley Health System to partner on a new medical facility near the intersection of Interstate 25 and Colorado Highway 52 in Frederick.

Mitchell Carson, Longmont United’s president and chief executive, wouldn’t release many details, but he said the two parties are talking about a 50-50 joint venture.

Nothing has been finalized, but Carson said the hospital has been talking with Fort Collins-based Poudre Valley Health System about the joint venture since late 2009.

The new medical facility would be along Highway 52 about one-half mile east of Interstate 25 on the corner…

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