The letter signifies that the two parties have entered a period of exclusive negotiation and due diligence. The process is expected to span several months. Once an agreement is reached, regulatory approvals will likely span several more months.
The nature of the agreement is still unknown, as discussions have just begun.
Union Hospital in Elkton is a full-service, nonprofit community hospital. Christiana Care has long served patients from Cecil County, and this deal would expand that footprint.