7/7/2023 0 Comments Presence health“The Village of Romeoville is truly excited to welcome Presence Health,” says Mayor John Noak. “We are pleased that we could utilize a collaborative effort with the planning team that will make a meaningful difference to the lives of the patients and families, the physicians and the Romeoville community,” Scholl says. “The Presence Healing Arts Pavilion project represents the second successful ambulatory care project in two years that we’ve completed with Presence Health, a relationship that is very meaningful to us,” says Michael Scholl, Hammes regional vice president of facility development. and Presence Health previously collaborated on the development of the 10-story Presence Center for Advanced Care in Chicago’s Lincoln Park area, which opened in October 2015. The facility also offers family- and visitor-friendly features such as a café with healthful food options and a gathering space with a fireplace. It offers a full range of diagnostic and imaging services, including X-ray, ultrasound, CT scanning, bone densitometry and mammography. Owned by Hammes Partners, the one-story ambulatory care center has 18 private exam rooms and a clinical laboratory. "AdventHealth and Ascension maintain a strong relationship and are united in ensuring the residents of Chicago have access to the best possible healthcare.The newest health care facility is located in a quickly developing area with an increasing need for high-quality primary care, according to the developer. "AdventHealth and Ascension will begin the process of unwinding the partnership in a way that best serves the needs of the community," a statement from both companies said. "Health systems increasingly seek a transformative impact from M&A activity – not just the acquisition of another facility, but the addition of new capabilities or access to new markets," the report said. Smaller providers, which have felt the pandemic exact a toll on their financial performance, will likely pursue merger and acquisition strategies to gain access to clinical, strategic and financial resources, according to an April report from Moody's Investors Service.Ī Kaufman Hall report released earlier this month noted that M&A activity in the third quarter of 2021 totaled seven transactions involving 20 hospitals, with total transacted revenue for the quarter topping $5 billion. It comes in the midst of a continued consolidation of healthcare providers as hospitals look for strategic partners to battle the financial impacts of the pandemic and spiraling healthcare costs. It's rare news to have providers decoupling. Nationally, Ascension runs 142 hospitals across 19 states and Washington, while AdventHealth operates facilities within nine states across the United States, including nearly 50 hospitals. Unwinding would allow both healthcare providers to better meet the "changing needs and expectations" of their respective patients in a "rapidly evolving" healthcare market, the companies said. AdventHealth's four area hospitals and related healthcare facilities will continue to be controlled by AdventHealth.Īmita Health president and CEO Keith Parrott will lead the Ascension hospitals in Illinois, while the current executive vice president and chief operating officer at Amita, Thor Thordarson, will lead the AdventHealth hospitals in Illinois. The partnership between Adventist Midwest Health and Ascension's Alexian Brothers Health System was expanded in 2018, when 10 Presence Health hospitals joined Ascension.Īmita is one of Illinois' largest healthcare systems, with 15 acute care and four specialty hospitals. The Chicago Tribune reported Amita spokeswoman Olga Solares as saying it was not clear whether jobs or services would be impacted by the decision, although the published joint statement noted there would be "no disruption" to patient care. There were no specific details as to when the break-up is expected to be finalized nor additional details on the reason behind the dissolution of the partnership. "After working closely together for nearly seven years, Adventist Health System Sunbelt Healthcare Corporation d/b/a AdventHealth and Ascension have decided to unwind their AMITA Health partnership, the joint operating company serving the healthcare needs of residents of the greater Chicago area," according to an Advent Health statement. AdventHealth and Ascension have announced a joint decision to unwind their six-year old Amita Health partnership serving the Chicago area.įollowing the transition, AdventHealth and Ascension will operate their individual hospitals and related healthcare facilities in the Chicago area.
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