The deal, which is pending regulatory review, is projected to close Jan. 1, 2019, in today's bite-sized hospital and health industry news from Nebraska, South Dakota, and Wisconsin.
- Nebraska: Friend Community Healthcare System (FCHS) has named John Wilson as CEO, effective July 2. Wilson previously served as the CEO of FCHS from 2007 to 2013 and most recently served as the COO of the Nebraska Department of Correctional Services (Vaidya, Becker's Hospital Review, 6/27).
- South Dakota: Members of the Good Samaritan Society, based in Sioux Falls, on Tuesday approved a plan to merge with Sioux Falls-based Sanford Health. Sanford Health has 44 hospitals and about 1,400 physicians and 28,000 employees. Good Samaritan runs more than 200 senior care facilities that provide skilled nursing, home health, and senior living across 24 states. It has about 20,000 employees. The deal, which is pending regulatory review, is projected to close Jan. 1, 2019. Good Samaritan CEO David Horazdovsky on Tuesday said the combined organization would allow for more holistic care across a patient's lifespan (Kacik, Modern Healthcare, 6/26; Minemeyer; FierceHealthcare, 6/28).
- Wisconsin: Aurora Health Care has acquired 63 acres of land to build its planned $130 million ambulatory surgery center and physician office building in Pleasant Prairie. The land cost $14.5 million. The building project is expected to be finished in the summer of 2020 (Kirchen, Milwaukee Business Journal, 6/27).
Get the cheat sheet for hospital partnership and affiliation models
Behind the flurry of M&A in recent years, a deeper trend of hospital integration is underway: the emergence of alternative partnerships that secure many of the same benefits of M&A without the financial and legal commitment: Clinical affiliation, regional collaborative, accountable care organization, and clinically integrated network.
This guide defines these types of partnerships and offers benefits, drawbacks, and examples of organizations in each.