Presence, AMITA Health Systems Agree to Merge
“Presence Health, which has hospitals in Elgin, Aurora and Des Plaines, has entered into a deal to become part of Arlington Heights-based AMITA Health and create the largest health system in the state,” according to the Daily Herald. “Though there remain some details to work out, both companies believe the deal should be completed by the end of the year. The agreement would add Presence’s hospitals, including Presence Holy Family in Des Plaines, Presence Mercy in Aurora, Presence St. Joseph in Elgin, Presence Saint Francis in Evanston and Presence St. Joseph in Joliet, to a network that already includes Alexian Brothers Health Systems and Adventist Midwest Health.”
Adventist Health Glendale Ranks High in Multiple Areas in Latest ‘Best Hospitals’ List
“In a measurement by the U.S. News & World Report, multiple areas of care at Adventist Health Glendale were recently recognized as being among the best in the region and state. The media company released its ‘Best Hospitals’ list for 2017-18 last week and ranked Adventist Health Glendale at No. 16 in the Los Angeles metro area and No. 28 in California,” Los Angeles Times reports. “Adventist Health Glendale’s geriatrics, orthopedics as well as neurology and neurosurgery categories excelled in the report. The hospital also performed well for two adult specialty areas — heart failure and chronic obstructive pulmonary disease.”
Business Incubator at Loma Linda University Health Lands First Research Grant
“The new start-up incubator at Loma Linda University Health recently landed its first research grant to explore a promising new treatment for the human papillomavirus, or HPV, which causes certain types of cancer,” according to Loma Linda University Health News. “The grant is a $150,000 Phase 1 SBIR award to the start-up research firm of iSpin, Inc. SBIR stands for small business innovation research, a federal program designed to support small businesses in conducting research and development projects that have commercial potential.”
Adventist HealthCare Sees Net Income More Than Double in First Half of 2017
“Adventist HealthCare, a nonprofit health system in Gaithersburg, Md., reported net income of $11.2 million in the first six months of fiscal year 2017, compared to a net income of $5.1 million in the same period a year prior,” reports Becker’s Hospital Review. “The change in net income reflects the sale of Hackettstown (N.J.) Regional Medical Center to Morristown, N.J.-based Atlantic Health System, an Adventist HealthCare spokesperson told Becker’s Hospital Review.”
Kettering Health Sells Nursing Home for $7.5 Million
“A Xenia nursing home is under new ownership after Kettering Health Network sold it for $7.5 million,” according to Dayton Daily News. “The Greene Oaks Retirement Center is now called Harmony Center for Rehabilitation & Healing and is now under the ownership of CareRite Centers LLC, based in New Jersey. ‘Greene Oaks’ consolidation into the CareRite Centers family and Kettering Health Network’s continued relationship with CareRite Centers will preserve access to vital healthcare services in the community. We are confident CareRite Centers will continue to provide the great care that residents of Greene Oaks and the Xenia community have come to expect,’ Wally Sackett, president of Sycamore Medical Center and the executive for Kettering Health Network’s Senior Division, said in a statement.”
