The companies expect the deal will close in the second half of 2019, in today's bite-sized hospital and health industry news from New York, North Carolina, and Wisconsin.
- North Carolina: Pardee Hospital in Hendersonville restricted visitors Tuesday to prevent the spread of the flu. The restrictions state that children under 12 should not visit the hospital because they are more susceptible to infection and can be sick without obvious symptoms. The hospital said that adults should not visit loved ones if they feel sick or have flu-like symptoms (AP/Sacramento Bee, 12/17).
- New York: GlaxoSmithKline and Pfizer have announced plans to merge their consumer health divisions to create what the companies say would be the world's biggest maker of over-the-counter health products, such as pain relievers, cold treatments, and more. The deal is subject to shareholder and regulatory approval. The companies expect the deal will close in the second half of 2019, and that the new venture would be spun off within five years (Condliffe, New York Times, 12/19).
- Wisconsin: Gerald Worrick, president and CEO of Door County Medical Center in Sturgeon Bay, has announced he will retire on Jan. 5. Brian Stephens, the hospital's current chief administrative officer, will assume Worrick's role as CEO once he retires (Vaidya, Becker's Hospital Review, 12/17).
Learn 4 ways to unlock cost reduction through effective integration
Most mergers are missing the valuable cost opportunity, but you don't have to. We’ve identified four principles for cost-focused integration that can help ensure that newly acquired organizations become part of the solution, rather than part of a bigger cost problem. Read our report to learn more.