Here are five key points:
1. Earlier this year, Indian River Medical Center’s two governing boards agreed to seek a partnership to invest nearly $185 million in the hospital over several years.
2. With the funds, the hospital aims to build a new ASC as well as make updates to its power plant, patient rooms and information technology.
3. In the 2017 fiscal year, Indian River Medical Center expects to lose $1.6 million on operations. The year prior, the hospital had $2.4 million in operating losses.
4. The seven nonprofit systems that have expressed interest include:
• Adventist Health System Florida Hospital Orlando
• Weston, Fla.-based Cleveland Clinic Health System
• Rockledge, Fla.-based Health First
• Stuart, Fla.-based Martin Health System
• Orlando (Fla.) Health
• Livonia, Mich.-based Trinity Health
• University of Florida Health in Gainesville,
5. The following five investor-owned systems also have expressed interest in a partnership:
• Duke LifePoint Healthcare in Brentwood, Tenn.
• HCA Healthcare in Nashville, Tenn.
• RCCH HealthCare Partners in Brentwood, Tenn.
• Steward Health Care System in Boston
• Pennsylvania-based Universal Health Services
More articles on surgery centers:
Chris Stanley, executive with 19+ years ASC experience, named VP of business development of Hammes Co.
ASC leader to know: Dr. Michael Perry of Laser Spine Institute
ASC leader to know: Kyle Burtnett of USPI
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
