Chesterton Tribune

 

 

Methodist Hospitals ends merger talks with Franciscan Alliance

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After nearly a year in merger talks, Methodist Hospitals has ended negotiations with Franciscan Alliance, Methodist Hospitals announced in a statement released on Thursday.

“In 2016, spurred by significant shifts within the healthcare industry, Methodist Hospitals Board and leadership embarked on a process to consider partnering with another health care system,” according to that statement. “Over the past 10 months, exclusive discussions have been conducted with Franciscan Alliance. During this time, leadership from both systems and our communities worked diligently to assess what a partnership might mean for employees, physicians, patients, and the communities of Northwest Indiana.”

“Unfortunately, after months of thorough and thoughtful negotiations, we were unable to align on critical issues around the financial, operational, and clinical service line implications of the proposed partnership,” the statement said. “These discussions were compounded by headwinds in the healthcare industry. We are disappointed that this partnership did not come to fruition.”

“Methodist Hospitals is resolute in its commitment to continue to look for the right opportunities to chart a path forward that will ensure sustainability, continued growth and success,” the statement said. “In the meantime, we are financially sound and are confident in our ability to continue navigating the current marketplace. In just the past few months, Methodist earned The Joint Commission’s Gold Seal of Approval for Hospital Accreditation, was verified as a Level III Trauma Center by the American College of Surgeons, and received Magnet recognition from The American Nurses Credentialing Center (ANCC).”

“These milestone achievements reflect Methodist Hospitals’ commitment to excellence and quality, and reaffirm our role as a leading health system in the region,” the statement concluded. “We will continue building on our history of excellence, guided by a commitment to do what is in the best interest of our patients, employees, physicians and community.”

 

Posted 1/12/2018

 
 
 
 

 

 

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