Ohio hospital with surgery center seeks strategic partner — 5 insights

Concord Township, Ohio-based Lake Health is seeking a strategic partner to promote clinical and technical innovation throughout the health system, the Cleveland Plain Dealer reports.

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

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Webinars

Featured Whitepapers