Koru Health

AdventHealth names Kansas hospital CEO https://lnkd.in/gHhNgfmt

Top health systems ranked by operating margins https://lnkd.in/gcEXMpec

Weight loss drugs a new concern for anesthesiologists https://lnkd.in/dZMwviyR

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This July, Cardinal View along with Kettle Park, Sage Meadows of Middleton, & Charter Senior Living of Verona are engaging in a friendly competition to support WayForward Resources Back-To-School Drive! From July 1st to August 1st, these communities will rally to gather donations, aiming to provide essential school supplies for local children in need. The community that contributes the highest number of donated items will be rewarded with an ice cream social in August with the non-winning teams serving at the winning community. It is great to have collaboration amongst communities from Lifespark, Koru Health, & Charter Senior Living; including former colleague Jennifer Krause and Carmine. This initiative not only fosters community spirit but also ensures that the upcoming school year starts right for every child. #backtoschool #fillthebus

After a $3 billion operating?loss?in fiscal year 2023, Ascension selling spree continues. Nine key transactions happening now: 1.?The University of Alabama System plans to?acquire?Birmingham-based Ascension St. Vincent's Health System for about $450 million.?UAB Health, a $6.4 billion system, aims to strengthen hospitals in the state, especially as financial hardship has caused other hospitals nationwide to close.?UAB and Ascension expect the deal to be completed in the fall, pending regulatory approvals. 2. Ascension Michigan, which includes 16 hospitals,?plans?to sell three campuses — Ascension St. Mary's of Saginaw,?Ascension St. Joseph in Tawas and?Ascension St. Mary's of Standish?—?to Midland-based MyMichigan Health this summer. 3. The health system hopes to?cement a?joint-venture?partnership with Detroit-based Henry Ford Health in the third quarter, pending regulatory approvals. The deal would essentially fold Ascension Michigan's sites of care in the southeastern region of the state under its brand. Ten Ascension Michigan hospitals and all five of Henry Ford's acute care hospitals and other care facilities and assets — including Health Alliance Plan — will be included in the partnership. 4.?St. Louis-based Mercy plans to?acquire?Ascension Via Christi Hospital in Pittsburg, Kan.?The proposed transaction includes the hospital, its locations and related physician practices, but excludes Ascension Living Via Christi Village facilities and operations. The deal is subject to regulatory approvals. 5. In February, Ascension?sold?Our Lady of Lourdes Memorial Hospital System in Binghamton, N.Y., to Sayre, Pa.-based the Guthrie Clinic, now a six-hospital system. 6.?Ascension Wisconsin?sold?its 50% stake in Network Health to Milwaukee-based Froedtert Health in November. The deal gave Froedtert full ownership of the health plan, a spokesperson for the system confirmed to?Becker's. 7.?In October, Gulf Coast Health System, another Ascension subsidiary, sold all assets and operations associated with Providence Hospital in Mobile, Ala., to the University of South Alabama Health Care Authority. 8.?Ascension?sold?certain assets from its outreach laboratory business to Labcorp in 2022. The company now manages Ascension's hospital-based labs in 10 states: Alabama, Florida, Kansas, Maryland, Michigan, New York, Oklahoma, Tennessee, Texas and Wisconsin. 9.?In 2021, Ascension's Ministry Health Care in Milwaukee?sold?its membership interest in seven hospitals to Wausau, Wis.-based Aspirus Health.?

Top places to work in healthcare | 2024 https://lnkd.in/grUyRzWa https://lnkd.in/gZDPypyZ

The 'legitimate and pervasive' issue facing health system CFOs https://lnkd.in/gQ-5VdvV

The healthcare merger and acquisition (M&A) landscape in 2023 demonstrated resilience amid economic uncertainties, driven by inflation, rising interest rates, and global security concerns. 2023 saw healthcare companies increasingly focus on divesting noncore assets due to high interest rates, using the capital generated from these divestitures to fuel acquisitions. This trend was underscored by a survey indicating that 70% of health system leaders invested more than anticipated in 2023, and 61% planned to increase their dealmaking activities in 2024. Amidst the general uptick in healthcare M&A, the ambulatory surgery centers (ASCs) subindustry experienced significant growth. This was driven by a shift towards outpatient care and the ability of ASCs to offer cost-effective solutions for higher-acuity cases. Notable players like Tenet Healthcare and United Surgical Partners, Inc. (USPI) expanded their ASC operations, focusing on high-acuity service lines such as orthopedics. Private equity also showed sustained interest in ASCs, capitalizing on favorable industry trends and potential revenue synergies. In the realm of diagnostic imaging, the industry faced a slowdown in M&A activities due to lingering effects of the COVID-19 pandemic, including labor shortages and economic volatilities. Despite these challenges, companies like RadNet managed to expand through strategic joint ventures and partnerships, such as those with Cedars-Sinai Medical Center, aiming to enhance operational efficiencies and patient care. The acute care hospitals (ACHs) sector witnessed modest M&A activity in 2023. Financial pressures and regulatory hurdles influenced the landscape, with notable transactions including non-cash member substitutions where no actual cash was exchanged. These transactions often involved significant future capital commitments and the assumption of existing debt, reflecting the tight financial conditions in the healthcare sector. Physician medical groups (PMGs) saw a diversification of specialties involved in M&A transactions, with a notable increase in deals within the dental and eyecare subsectors. The environment was conducive for private equity firms to continue their investment in PMGs, leveraging operational efficiencies and scale to navigate the increasing costs and regulatory complexities of the healthcare market. In the post-acute care segment, significant legislative and regulatory actions were aimed at improving operational efficiencies and payment structures. This segment of the market also experienced a trend towards home health care, driven by the need to reduce costs and the push towards value-based care models. The rise of "hospital-at-home" programs exemplified this shift, offering acute-level care in a more cost-effective home setting. https://lnkd.in/gWa3br64