Florida nonprofit hospital eyes 12 health system partners to invest in new ASC: 5 key points

Indian River Medical Center, a 332-bed nonprofit hospital, is considering offers from 12 health systems to partner to invest in the hospital, according to TC Palm.

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

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