DAYTON, Ohio-CareSource, a not-for-profit Medicaid managed-care company, completed the purchase of Community Choice Michigan. CareSource did not disclose the financial terms of the deal, announced in October, which adds about 49,000 Medicaid beneficiaries in Michigan to the 553,000 the company covers in Ohio. CareSource plans to roll out a Medicare Advantage plan in both states in January. Not-for-profit Community Choice Michigan, based in Okemos, was formed in 1995 and for the past four years has had a management contract with CareSource.
FARGO, N.D.-The Dakota Clinic/Innovis Health-a for-profit physician group that owns a taxable not-for-profit hospital-will become a not-for-profit subsidiary of the nine-hospital system Essentia Health, Duluth, Minn., as of Jan. 1, 2008, the organizations announced. Under the deal, the Dakota Clinic, based in Fargo, with 22 locations, will convert to not-for-profit status and nearly all of its doctors-roughly 160 physicians-will become employees of the new subsidiary, said Greg Glasner, the clinic's chairman. Glasner, 43, will become chief executive officer of the not-for-profit Essentia subsidiary, which will include the clinic's 74-bed hospital in Fargo, Glasner said. Larry Solberg, 61, CEO of Dakota Clinic/Innovis Health, will remain after Jan. 1 to aid in the transition. Glasner said the clinic and its hospital struggled to compete against nearby integrated not-for-profit health systems and that the deal provides much-needed access to capital. 'We clearly need to grow,'' he said. The physician-owned Dakota Clinic lacked the access to capital available to its not-for-profit competitors, Glasner said.
KANSAS CITY, Mo.-Building on plans that are already under way, Children's Mercy Hospitals & Clinics has outlined a long-term plan to more than double its square footage at an estimated cost of $800 million by 2020. The plan's first phase, expected to cost $280 million, will add 24 beds, expand the emergency room, add two operating rooms, an MRI and a catheterization laboratory and build most clinic and physician office space and a parking garage. That phase is expected to be completed by 2012. The second phase, to be completed by 2015, envisions 48 more beds, four more operating rooms and another parking garage on the downtown campus and new operating rooms at the hospital's planned site in Independence, Mo. The final phase would add another 144 beds; an office building for clinics, physicians, education programs and other community use; and an expansion of its Overland Park, Kan., satellite location. The last phase is scheduled to be completed by 2020.
MIDDLETOWN, Ohio-Middletown Regional Hospital moved its staff and patients into its new 250-bed Atrium Medical Center, under construction since June 2005. The $196 million hospital, one of three affiliated members of Premier Health Partners, sits about four miles from its old facility on a 190-acre plot envisioned as a health campus. Premier has forged partnerships that will bring several health and community facilities to the site in 2008 and 2009, including a pediatric specialty-care center built by the Children's Medical Center of Dayton, a YMCA, retirement homes with skilled nursing and a health sciences school.
Middletown Regional's new Atrium Medical Center.