The County of Santa Clara (Calif.) assumed responsibility for the operation of O’Connor Hospital in San José, St. Louise Regional Hospital in Gilroy, and De Paul Health Center in Morgan Hill on March 1, 2019. This transaction advances the County Board of Supervisors’ strategic goal to grow the size and scope of the County’s public healthcare delivery system.…
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.…
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.…
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.…
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.…
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.…
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.…
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.…
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.…
The County of Santa Clara (Calif.) assumed responsibility for the operation of O’Connor Hospital in San José, St. Louise Regional Hospital in Gilroy, and [...]
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 [...]
Investment income resulting from a strong stock market has propped up many standalone hospitals’ balance sheets over the past two years, according to a [...]