Industry News

healthcare merger and acquisitions
Jersey Shore Hospital to Join Geisinger

According to The Express, Jersey Shore Hospital will integrate into the much larger Geisinger Health System. Under the terms of the integration, Jersey Shore Hospital will be folded into Geisinger, although the two entities will maintain their own operating licenses. The agreement is expected to receive final approval after a…

healthcare executives on the move
New CEO to Lead Trinity Health System

WTOV Channel 9 News reports that Matt Grimshaw was named as market chief executive officer of the Trinity Health System, effective July 31, 2017. Grimshaw is currently west region president of CHI St. Alexius Health, where he is responsible for four critical access hospitals and five clinic locations across western…

healthcare finances
University of MN Wants More Money From Fairview Health Services

The StarTribune reports the University of Minnesota’s academic medical program is requesting more support from Fairview Health Services after its University Board of Regents voted to extend affiliation negotiations. The board voted to give notice of termination of the agreement, allowing the entities to move into continued talks through September…

healthcare legal - regulatory
Partners HealthCare Cutting $600M in Costs

The Boston Globe is reporting Partners HealthCare plans to cut $600 million in costs over a three year period to align with its initiative of greater efficiency. Partners’ touts over $12 billion in revenue annually, but lost $108 million in 2016 with struggling hospitals and its insurance division. The healthcare…

Hospital Construction
AMITA Health Eyes $55 Million Expansion

Crain’s Chicago Business reports AMITA Health wants to spend $55 million to open a couple of medical office buildings in the suburbs of Bartlett and Woodridge in a consolidation plan to combine over 100 outpatient facilities in its network. AMITA’s application for the two new medical facilities is under review…

healthcare executives on the move
Bob Rich to Lead Search for New Cleveland Clinic CEO

The Buffalo News is reporting that Bob Rich, chair of Rich Products Corp. and the chair of the Cleveland Clinic Health System, will be leading the search for the new Cleveland Clinic CEO. Rich met out-going CEO Dr. Toby Cosgrove when they were fraternity brothers at Williams College and have…

healthcare finances
Monroe County Hospital (GA) Reports Smaller Losses

According to My Monroe County Reporter, Monroe County Hospital (GA) recorded an overall loss of $105,000 in March 2017. Monroe County’s gross revenue for March 2017 was $1.7 million. Despite the loss, the hospital’s finances were much improved from one year earlier in March 2016 when it posted a loss…

healthcare merger and acquisitions
Fairview Says Merger with HealthEast Moving Forward

The Star Tribune is reporting HealthEast Care System’s merger with Fairview Health Services is moving forward and is expected to be complete by June 1, 2017. The two organizations are currently undergoing an integration and plan to finance the capital needed to merge through consolidating and removing duplicate services.

Hospital Construction
Ascension’s Marketing Vision for the Future

Ascension is leveraging its brand strengths, employing data-driven strategies System-wide and forging stronger connections with consumers, according to Nick Ragone, Senior Vice President and Chief Marketing and Communications Officer. Nick recently shared insights on Ascension’s marketing vision with eHealthcare Strategy and Trends. Nick noted that changes in financing and reimbursement,…

1 2 61