MultiCare forms ASC joint venture
Tacoma, Wash.-based MultiCare Health has launched a new joint venture with Atlas Healthcare Partners, which develops and manages ambulatory surgery centers in partnership with nonprofit health systems and physicians, according to Becker’s Hospital Review.
The joint venture combines Atlas’ ASC strategy, development and operations skills with MultiCare’s broad hospital, physician and ambulatory network to expand access to high quality, affordable surgical care in the Pacific Northwest. MultiCare is the third health system to form a joint venture with Atlas since 2019. Phoenix-based Banner Health partnered with Atlas to develop and manage the health system’s ASC network in Arizona, Colorado and Wyoming. Over the last five years, Atlas helped expand Banner’s ASC network from eight to 30 centers with additional ASCs in the works.
Atlas also formed a joint venture with Grand Rapids, Mich.-based Corewell Health in 2022 and MultiCare in 2023, to develop and manage ASC networks in their markets.
BayCare opens new South Florida Baptist Hospital
BayCare opened the new South Florida Baptist Hospital in Plant City this August. The 424,000-square-foot facility, built by longtime BayCare construction partner, Barton Malow, cost $326 million, and is nearly double the size of the original hospital. The six-story structure features 146 private patient rooms, 26 intensive care unit beds, eight operating rooms and 34 emergency department and fast-track beds. The construction company estimates more than 700 workers contributed 1.4 million man hours to bring the project to fruition.
Areas of specialization include general surgery, orthopedic surgery, urology, imaging, cardiac catheterization, emergency care, and labor/delivery. In addition, the hospital features an 85,000-square-foot medical arts building with space for physician offices as well as outpatient and diagnostic services such as imaging, rehabilitation, and lab services, allowing patients to consolidate their health care needs in one location.
South Florida Baptist Hospital has been part of BayCare since 1997. The Clearwater, Florida-based health system currently operates 16 not-for-profit hospitals throughout West Central Florida.
Kaiser expands Hawaii home health program
Kaiser Permanente has expanded its home health agency on Hawaii Island. Kaiser Permanente Home Health agency is geared toward members who rely on assistive devices such as walkers, canes or wheelchairs, and those with health conditions that limit their ability to leave home and necessitate care from skilled nurses or therapists, according to a July 17 news release from Kaiser.
Kaiser Permanente Home Health agencies currently serve on Oahu and Maui. Launched in April with a team of one nurse and one physical therapist, it has expanded to six healthcare professionals, with plans for further growth to address increasing demand. Kaiser Permanente operates three locations on Hawaii Island: the Kona Medical Office, the Hilo Clinic and the Waimea Clinic. The facilities collectively serve about 31,000 members.
Mayo Clinic to expand hospital rehabilitation care
Brooks Rehabilitation, a leader in treating patients after life-altering brain injuries, spinal cord injuries, strokes and other complex conditions, will open an inpatient rehabilitation hospital on Mayo Clinic’s Phoenix campus. Brooks Rehabilitation has been ranked by U.S. News & World Report as the No. 1 rehabilitation hospital in Florida and top 20 in the nation, and the new hospital will join Brooks’ network of three existing inpatient rehabilitation hospitals in Florida. The expansion into Arizona sets the stage for new growth, innovation and exceptional clinical outcomes and further demonstrates Brooks’ vision to redefine post-acute rehabilitation.
The rehabilitation hospital will reside on eight acres adjacent to Mayo Clinic’s Phoenix hospital, near the Arizona State University Health Futures Center. The estimated $70 million project will begin construction in December 2024 with a projected opening in summer 2026. Plans include a three-story, 80,000-square-foot hospital with 60 private patient rooms and the ability to expand as demand for services increases. The new hospital is expected to add more than 200 jobs to the market at full maturity.
Tenet Healthcare to sell 5 Birmingham hospitals to Orlando Health
Tenet Healthcare Corporation has entered into a definitive agreement with Orlando Health for the sale of Tenet’s 70% majority ownership interest in Brookwood Baptist Health in Birmingham for approximately $910 million in cash (after-tax proceeds of approximately $790 million).
The transaction will include five hospitals:
- Brookwood Baptist Medical Center
- Princeton Baptist Medical Center
- Walker Baptist Medical Center
- Shelby Baptist Medical Center
- Citizens Baptist Medical Center
As well as affiliated physician practices and other related operations. Brookwood Baptist Health will remain a joint venture with Baptist Health System.
Additionally, under the agreement, Tenet’s Conifer Health Solutions subsidiary will enter into a new and expanded ten-year contract to provide revenue cycle management services for the Birmingham hospitals and related operations.
Vizient completes acquisition of Kaufman Hall
Vizient, Inc. announced it has completed its acquisition of Kaufman Hall, bringing together two of the industry’s most trusted advisors focused on helping healthcare organizations solve complex challenges as they deliver high-quality patient care to their communities. The combined organization will offer advisory services in key areas such as revenue and cost, advanced clinical quality and operational analytics, corporate finance, partnerships, mergers and acquisitions, access to capital and balance sheet management.
Vizient’s consulting services will be combined with Kaufman Hall and led by Kate Guelich who previously served as CEO of Kaufman Hall. “The new advisory organization is structured to expand on the existing, valuable components of each organization’s people, operations, infrastructure, and processes,” said Guelich. “As a result, we can offer a more comprehensive set of services and solutions that advance clients’ transformation to high-value care and enhance their mission-driven initiatives, ultimately leading to organizational success.”