Geisinger, St. Luke’s University Health partner to construct 80-bed hospital

https://www.beckershospitalreview.com/facilities-management/geisinger-st-luke-s-university-health-partner-to-construct-80-bed-hospital.html

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Danville, Pa.-based Geisinger and Bethlehem, Pa.-based St. Luke’s University Health Network will build a new 80-bed acute care hospital in Orwigsburg, Pa. — marking the first time in Pennsylvania’s history two healthcare systems agreed to build and co-own a hospital.

The three-story, 120,000-square-foot facility will house an emergency department and offer a wide array of specialties and services. Construction on the facility will begin in spring 2018, wrapping up late next year.

Under the terms of the partnership, the hospital will operate under both parties as a joint venture, with funding and governance shared equally. St. Luke’s will build and manage the hospital, while both parties will contribute physicians, support staff and expertise.

“The new hospital in Orwigsburg will emphasize the strengths of St. Luke’s and Geisinger, extending the best value in healthcare  that is, the highest quality at the lowest cost — to more residents of Schuylkill County and surrounding areas,” St. Luke’s President and CEO Rick Anderson said.

 

 

Dignity Health in joint venture discussions with teaching hospital

http://www.beckershospitalreview.com/hospital-transactions-and-valuation/dignity-health-in-joint-venture-discussions-with-teaching-hospital.html

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San Francisco-based Dignity Health saw revenues and operating income increase in the first quarter of fiscal year 2017, which ended Sept. 30.

The 39-hospital system reported revenues of $3.25 billion in the first quarter of FY 2017, up from $3.08 billion in the same period of the year prior. The financial boost was partially attributable to an increase in net patient and premium revenues, which increased 5.1 percent year over year.

During a first-quarter investors call, Daniel Morissette, senior executive vice president and CFO of Dignity Health, provided an update on the health system’s strategic initiatives. He said Dignity is in discussions to create a joint venture with an undisclosed major academic medical center in the San Francisco Bay Area. Mr. Morissette said discussions are in early stages.

Dignity Health ended the first quarter of FY 2017 with operating income $30.77 million. That’s a significant improvement from the $47.54 million operating loss the system recorded in the first quarter of FY 2016.

11 recent hospital transactions and partnerships

http://www.beckershospitalreview.com/hospital-transactions-and-valuation/11-recent-hospital-transactions-and-partnerships-november16.html

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Joint ventures with charitable hospitals: 3 considerations for hospital leaders

http://www.beckershospitalreview.com/hospital-transactions-and-valuation/joint-ventures-with-charitable-hospitals-3-considerations-for-hospital-leaders.html

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Dignity Health joins Obamacare-inspired joint venture to help run hospitals in Arizona

http://www.bizjournals.com/sanfrancisco/blog/2015/09/dignity-health-carondelet-tenet-ascensi-hospitals.html?ana=e_vert_st_20150907

Linda Hunt is president and CEO of Dignity Health's Arizona operations.

Tenet, Dignity Health and Ascension ink definitive agreement for JV: 6 things to know

http://www.beckershospitalreview.com/hospital-transactions-and-valuation/tenet-dignity-health-and-ascension-ink-definitive-agreement-for-jv-6-things-to-know.html

Hospital Transactions and Valuations

Hospital board members in joint venture ASCs: 3 key thoughts from Regent Surgical Health CEO Thomas Mallon

http://www.beckershospitalreview.com/hospital-management-administration/hospital-board-members-in-joint-venture-ascs-3-key-thoughts-from-regent-surgical-health-ceo-tom-mallon.html

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How Tenet is leveraging partnerships and acquisitions to foster organic growth

http://www.healthcaredive.com/news/how-tenet-is-leveraging-partnerships-and-acquisitions-to-foster-organic-gro/378582/

Trinity Health, Heritage Provider Network Announce Joint Venture

http://www.healthleadersmedia.com/content/LED-312095/Trinity-Health-Heritage-Provider-Network-Announce-Joint-Venture

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