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In the News: Healthcare executives expect M&A to boost business in 2019

Healthcare executives expect their businesses to exceed 2018’s benchmarks and will largely use mergers and acquisitions to reach those expectations, according to a new survey.

Nearly three-quarters of 291 senior executives from pharmaceutical, healthcare IT, medical technology, hospital and health system organizations said they expect better business performance in 2019, according to a new Capital One poll.…

Analysis: Hospitals Buoyed by Tenuous Investment Income

Investment income resulting from a strong stock market has propped up many standalone hospitals’ balance sheets over the past two years, according to a recent evaluation by Juniper Advisory. In analyzing a sample of independent hospitals’ financials, Juniper Advisory found that investment income accounted for nearly half of the hospitals’ net margin.…

December 12th, 2018| News-Home, Publications, Uncategorized|

Join the Cleveland Clinic and Indian River County Hospital District in Naples to Discuss Florida Hospital Affiliation

The Indian River Medical Center (IRMC) in Vero Beach, Florida, will join the world-renowned Cleveland Clinic in a business combination expected to close by the end of 2018.

Engage with leaders from the Cleveland Clinic and Indian River County Hospital District in discussing the transaction at The Governance Institute’s 2019 Leadership Conferences in Naples, Florida on January 21 and in Scottsdale, Arizona on April 16.…

November 16th, 2018| News & Events, News-Home|

IRMC and Cleveland Clinic Finalize Partnership

The intensive 18-month effort to secure Indian River Medical Center’s future neared its conclusion on October 3, 2018 as the IRMC Board of Directors and the Indian River County Hospital District Trustees voted to approve a series of agreements that will result in IRMC joining the Cleveland Clinical Studies system.…

In the News: Temple hires Juniper as it explores possible sale

Temple University announced Monday it has retained the services of Juniper Advisory to pursue strategic options for Temple University Health System, which include the possible sale of Fox Chase Cancer Center, neighboring Jeanes Hospital or both.

The move comes about a month-and-a-half after Temple’s Board of Trustees announced it had authorized a series of steps aimed at strengthening the health system’s finances and “preserve its ability to serve its mission.” One of those steps was authorizing the engagement of a financial advisor.…

New Partnership to Strengthen Health Care in Nebraska

The Dodge County (Neb.) Board of Supervisors,  Fremont Health Board of Trustees and Nebraska Methodist Health System Board of Directors approved a strategic partnership between Fremont Health and Methodist.

 

“[Fremont Health is] the only small independent health system that runs a community health system in the Greater Omaha area that is independent, every other one is part of a larger system.…
July 26th, 2018| News & Events, News-Home|

Heritage Valley Health System to Expand its Integrated Delivery Network

Heritage Valley Health System, a two-hospital integrated delivery network in Western Pennsylvania, and Ohio Valley Hospital have signed a letter of intent for Ohio Valley Hospital to join Heritage Valley Health System. By joining together, the organizations can further enhance their common mission of bringing cost-effective, high-quality care to their respective communities and best meet the health care needs of the region.…

May 30th, 2018| News & Events, News-Home|

Cleveland Clinic Selected as Hospital Partner of Choice in Vero Beach, Florida

Members of the Indian River Medical Center (IRMC) Board of Directors and the Indian River County Hospital District (IRCHD) have selected Cleveland Clinic as their partner to fuel future growth and the continued delivery of quality healthcare services by IRMC. This decision was reached after a partnership process that involved careful consideration by both the Hospital Board and the District Trustees.…

January 30th, 2018| News & Events, News-Home|

University Health Care System Acquires Trinity Hospital of Augusta

University Health Care System (UHCS), an integrated nonprofit health system based in Augusta, GA, has acquired Trinity Hospital of Augusta (Trinity) from Quorum Health Corporation, a for-profit system headquartered in Brentwood, TN. The integration of Trinity will allow UHCS to strengthen its delivery of high-quality and efficient care throughout greater Augusta and neighboring communities in Georgia and South Carolina.…

July 1st, 2017| News & Events, News-Home|

Good Shepherd Health System in East Texas Joins CHRISTUS Health

Good Shepherd Health System (GSHS), a two-hospital nonprofit health system based in Longview, TX, has joined CHRISTUS Health, a Catholic nonprofit health system headquartered in Dallas. GSHS will become an important center for care delivery in CHRISTUS’s rapidly-growing East Texas region.…

February 1st, 2017| News & Events, News-Home|