Acute Care Hospitals - 1

Division: Phoenix Management Services


Client

A for-profit operator of thirteen Acute Care Hospitals based out of Charlotte, NC with annual revenue of approximately $650M.

Problem

Company owned hospital based in Tucson, AZ was facing liquidity issues because of deteriorating patient volumes and challenges relating to the medical staff with regard to utilization and retention of core talent. Further complicating the situation was increased competition from other hospitals in the marketplace creating revenue and margin pressures.

Solution

An Operational/Financial/Clinical Assessment was completed. In concert with the corporate office and the local board, the decision was made to package the facility and sell to Carondelet Health System which is part of Ascension Health, St. Louis, MO. Once the decision to sell was made, the transaction was completed within six months.