University Hospitals to gain minority interest in Western Reserve Hospital




, University Hospitals to gain minority interest in Western Reserve Hospital

College Hospitals has entered into an settlement with Western Reserve Hospital to acquire a minority curiosity within the unbiased, physician-owned hospital in Cuyahoga Falls.

The Cleveland-based well being system will work with Western Reserve Hospital’s board of administrators, physicians, management and staff to deliver investments and price efficiencies to the Summit County hospital, together with enhancements to services, gear and companies, in accordance with a information launch. UH has additionally pledged to deliver know-how, modern practices, sturdy medical analysis and different initiatives to enhance and develop Western Reserve Hospital’s medical applications.

Phrases of the deal weren’t disclosed.

“We stay up for the advantages of this new relationship with College Hospitals, and the chance to ship our one-of-a-kind well being care expertise to much more sufferers throughout the area,” Dr. Robert Kent, president and CEO of Western Reserve Hospital, mentioned in a offered assertion. “Since Day One we’ve got been working to extend entry to a better stage of care companies for our native communities, and this collaboration with College Hospitals will enable us to additional that work by bringing even better medical sophistication to Summit County.”

Western Reserve Hospital was based and is majority-owned by Western Reserve Hospital Companions, a bunch of greater than 100 Northeast Ohio major care physicians and specialists, in accordance with a the discharge. Western Reserve Hospital — a full-service, acute-care hospital with 89 staffed beds — represents the 19th hospital within the UH community. UH additionally has greater than 50 outpatient well being facilities throughout 16 counties in Northeast Ohio.

Cleveland Clinic has stretched south in recent times with its acquisitions of Akron Basic in 2015 and Union Hospital in Dover in 2018. Final 12 months, the Clinic and Sisters of Charity Well being System signed a letter of intent to discover the potential of Mercy Medical Heart in Canton becoming a member of the Clinic.

The affiliation between UH and Western Reserve Hospital will result in expanded companies and extra choices for Western Reserve Hospital sufferers, in addition to higher entry to the quaternary care and medical trials at UH’s educational medical middle, Dr. Cliff Megerian, UH President, mentioned within the launch.

“UH is happy to increase care near house for our Summit County sufferers via our new relationship with Western Reserve, a hospital that has demonstrated excellence and shares our imaginative and prescient to offer probably the most superior care, compassion and worth,” mentioned Megerian, who will change into UH CEO in January, in a offered assertion.