With no money changing hands and hospital ownership being retained by the legacy systems in the proposed Advocate Aurora Health-Atrium Health joint operating agreement, it might have seemed like a state board meeting earlier this week would have been a no-brainer, reports Crain’s Chicago Business. However, the Illinois Health Facilities & Services Review Board thought otherwise, delaying a vote and asking Advocate Aurora officials for more details on what “Advocate Health Inc.” would look like. At issue for the state review board members are questions about who will be in control and make the ultimate decisions once Advocate Health Inc. becomes a multistate hospital giant with one foot in the Midwest and one foot in the Southeast. Read more.
Related Posts
California AG Conditionally Approves Sale of Madera Community Hospital to Trinity Health
The conditions of approval will ensure the Madera community maintains access to critical emergency and surgical services in their area.
December 16, 2022
Mississippi Hospitals May Establish Single-Specialty ASCs Without CON Review Under New Rules
In recent years, surgical procedures have been increasingly shifting to outpatient settings such as ASCs, and this trend shows no sign of abating. However, Mississippi hospitals have faced challenges in establishing or investing in ASC facilities due to Mississippi’s certificate of need (CON) laws.
May 25, 2023
Why 2021’s Record-Breaking Home Care M&A Was Over a Decade in the Making
Despite this previous rise in M&A activity, a number of economic and sector-specific factors have opened the door to headwinds that have slowed down the acceleration taking place in the market, according to The Braff Group President Dexter Braff.
November 23, 2022
Dorsata Sues athenahealth, Unified Women’s Healthcare Claiming Deceptive Practices
Maternity-care management platform Dorsata filed a lawsuit in Suffolk County, Massachusetts, Civil Court against healthcare technology company athenahealth and nationwide women's health company Unified Women's Healthcare, alleging 11 counts against the providers, including theft of trade secrets.
July 21, 2023