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Letter of Intent between MedCentral and OhioHealth, May 14, 2013

Letter of Intent between MedCentral and OhioHealth, May 14, 2013

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Published by MNCOOhio
Press release announcing a Letter of Intent to enter a process that could lead to a merger of MedCentral Health System and OhioHealth
Press release announcing a Letter of Intent to enter a process that could lead to a merger of MedCentral Health System and OhioHealth

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Published by: MNCOOhio on May 14, 2013
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05/14/2014

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 May 14, 2013 MedCentral Contact: Maura Teynor FOR IMMEDIATE RELEASE 419-526-8159mteynor@medcentral.org OhioHealth contact: Mark Hopkins614-544-4248mhopkins@ohiohealth.com 
MedCentral Health System explores possibility of becomingfull member of OhioHealth family
MedCentral to be positioned as regional hub for OhioHealth 
MANSFIELD and COLUMBUS, Ohio
 — 
 
OhioHealth and MedCentral Health Systemannounced today they have signed a Letter of Intent to take the next step toward MedCentral becoming a "full member" of the OhioHealth family.The Letter of Intent is just the beginning of a due diligence process in which both organizationswill take a more in-depth look at each other's finances, records and operations. This process isexpected to be completed by the end of the year.MedCentral has been an "affiliate" of OhioHealth since 2010 with formal business and clinicalrelationships currently in place including supply chain support, purchasing services, etc. As a
full member,
OhioHealth would become the parent organization of MedCentral HealthSystem, just as it is to Riverside Methodist Hospital, Grant Medical Center and six other hospitals."
The healthcare landscape is changing,” said Dav
id Eichinger, chairman of the MedCentralBoard of Trustees.
We are seeing independent hospitals successfully joining larger systems allacross the country. And although we are healthy and strong today, we have been looking to become part of a larger system for some time to ensure that we stay strong in the future.
 
After a long, thorough and thoughtful review aided by an external consultant, we have decidedthat OhioHealth is the ideal partner for MedCentral. We are very much alike in our mission,vision and commitment to our patients, staff and the communities we serve. We feel like this isa very natural fit and look forward to working with OhioHealth."
“MedCentral and OhioHealth
have remarkably similar beliefs and cultures which means that,together, we can be successful not only at
what 
we do but
how
we do it," said Dave Blom,
 president and CEO of OhioHealth. “
We see MedCentral not simply as a new member of theOhioHealth family, but as a regional hub for healthcare services in Richland County and beyond. We fully expect to make significant investments in Richland County to enhancecurrent facilities, add new facilities where appropriate and to vigorously recruit new physiciansto the community. We see a very bright future together for MedCentral and OhioHealth."By becoming part of OhioHealth, MedCentral would become an integral part of one of thehighest performing healthcare systems in the nation across a broad array of metrics important to patients, physicians, employers, payors and communities.
Recent OhioHealth Accomplishments
 
OhioHealth was recognized by Truven Health Analytics as one of the top five largehealth systems in America for 2013.
 
OhioHealth has been ranked on FORTUNE magazine's list of "100 Best Companies toWork For" for seven consecutive years.
 
OhioHealth, a not-for-profit healthcare system, is one of only a handful of healthcaresystems in America to receive AA financial ratings from all three ratings agencies.
 
OhioHealth provided more charity care in central Ohio than all other healthcare systemscombined.
 
In Press-Ganey physician satisfaction surveys, OhioHealth has been ranked either firstor second in the country for the past four years."This partnership will allow MedCentral to enhance its position as a regional healthcare provider and strengthen its physician platform," said Eichinger 
. “
OhioHealth will commitsubstantial capital and resources to this community for a new medical office building and newsurgical suites at MedCentral/Mansfield Hospital; and other improvements as well as a robust
 
 physician recruitment strategy. This generous investment will help ensure that we are able tomeet the current and future needs in the six-
county area that we serve.”
 
"This is not only about MedCentral joining the OhioHealth family,” said Blom. “It is also very
much about OhioHealth joining the MedCentral family. We both have rich histories going back more than a hundred years in our own communities. We think that by working together, we will be well positioned to continue our healthcare mission for the
next 
 
hundred years.”
 
About MedCentral Health Syste
MedCentral Health System is a not-for-profit, charitable organization of healthcare servicesincluding two hospitals, Mansfield Hospital (326 beds) and Shelby Hospital (25 beds); anoutpatient Radiation Therapy Center; Wellness Complex; Surgery Center; urgent care; homecare, hospice, palliative care and more.It is the largest medical provider between Cleveland and Columbus with more than 2,400employees and more than 200 physicians serving approximately 325,000 people in RichlandCounty and the five counties surrounding it.Always focused on quality of care, it has been recognized as one of the "Best RegionalHospitals in America" by
U.S. News & World Report 
for 2011-2012; was ranked as one of HealthGrades "America's 100 Best Hospitals for Cardiac Surgery" two years in a row, 2012,2013; recipient of HealthGrades Coronary Intervention Excellence Award three years in a row,2011-2013; and named as one of America's Most Wired hospitals for its advanced use of information technology according to Hospitals & Health Networks magazine.For more information about MedCentral, visit us at www.medcentral.org
About OhioHealth 
OhioHealth is a nationally recognized, not-for-profit, charitable, healthcare organization withMethodist roots and based in Columbus, Ohio. Currently recognized as one of the top five largehealth systems in America by Truven Health Analytics, it is also recognized by FORTUNE

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