What you should know:
1. Despite seeking the strategic partner, Chairman Michael Mayher said the health system is in no immediate financial need for a partner.
2. Lake Health has two hospitals, a surgery center and a cancer treatment center.
3. The system has had financial stumbles in the past. For instance, it posted operating losses of $22.8 million in 2016 and $4.8 million in 2017. Financial information from 2018 and 2019 was not made available to the Plain Dealer.
4. Vice president of marketing Dino DiSanto said Lake Health was in a good position to seek a partnership.
5. After an initial discovery process, the health system will decide if market conditions are right to enter into a partnership or continue independently.
More articles on ASCs:
Outpatient surgical procedure market to hit $144B by 2026
UnitedHealth dispute could leave more patients with surprise medical bills & 4 other must-read articles
Minnesota system screens for coronavirus across surgery center, clinic locations
