Rocky Mountain Adventist Healthcare said it has signed a memorandum of understanding to help form an integrated delivery network with three hospitals in metropolitan Denver. The three hospitals, including 512-bed Saint Joseph Hospital in downtown Denver, announced their plans earlier this year (March 21, p. 7). Rocky Mountain Adventist operates three hospitals in metropolitan Denver and one in a nearby city. They are: 50-bed Avista Hospital, Louisville, Colo.; 105-bed Littleton (Colo.) Hospital; 49-bed Platte Valley Medical Center, Brighton, Colo.; and 346-bed Porter Memorial Hospital, Denver. The seven hospitals represent about 38% of admissions in metropolitan Denver. Revenues weren't available.
San Jose, Calif.-based Health Dimensions, a healthcare system with four not-for-profit hospitals and various other medical-related businesses, changed its name last week to Good Samaritan Health System. Executives said the move was necessary to signify its strategic goal of becoming Santa Clara Valley's full-service integrated system. The former Health Dimensions embarked on a three-year reorganization plan to establish an integrated delivery system last spring (April 26, 1993, p. 26). The system consists of its flagship, 415-bed Good Samaritan in San Jose, 324-bed San Jose Medical Center and hospitals in Gilroy and Los Gatos, Calif.
Peter Wilson, the American Hospital Association's vice president for policy development in Washington, has resigned after serving about two years in the post. The AHA said Mr. Wilson is pursuing opportunities in consulting, writing and teaching. His resignation is effective July 22, but the AHA said he'll be staying on as a consultant. Prior to moving to the AHA's Washington office, Mr. Wilson served as the vice president of the AHA's office of health financing and data analysis in Chicago for about one year. The AHA named Carmela Dyer, the AHA's current senior associate director for policy development, to replace Mr. Wilson.
Richard A. Pitman, president and chief executive officer of Shore Memorial Hospital in Somers Point, N.J., was elected chairman of the New Jersey Hospital Association. The Princeton, N.J.-based association represents 100 hospitals.
Ramsay Health Care, a New Orleans-based psychiatric hospital chain, reported a 62% drop in net income to $667,000, or 7 cents per share, for the third quarter ended March 31, compared with $1.8 million, or 23 cents per share, in the year-ago period. Revenues rose 1% to $36.2 million. For the nine-month period, net income dropped 64% to $1.7 million, or 18 cents per share, compared with $4.8 million, or 62 cents per share, in the year-ago period. Revenues rose 2% to $100.7 million. The company said the third-quarter results were affected by $155,000 for early repayment of debt, losses at its two Texas facilities and start-up expenses at its subacute units.
Owens & Minor, the nation's second-largest hospital-supply distributor, completed its merger with Greensburg, Pa.-based Stuart Medical after shareholders approved the $155 million deal last week. Combined, the two companies have annual distribution revenues of $2.2 billion, second only to Deerfield, Ill.-based Baxter International. Based in Richmond, Va., Owens & Minor will run 45 to 50 regional distribution centers after it has absorbed Stuart's operations. It hasn't made final decisions about where it will consolidate distribution centers and where it will expand. Stuart's president and chief executive officer, Richard Byington, will join the company as executive vice president.
Five leading cancer research institutions have formed a prostate cancer research network with a $500,000 grant from the T.J. Martell Foundation, a New York-based philanthropy supporting research in leukemia, cancer and AIDS. The network will seek better diagnostic and treatment methods for the disease, which kills more than 35,000 men annually. The network members are Mount Sinai Medical Center, Memorial Sloan-Kettering Cancer Center and Columbia-Presbyterian Cancer Center in New York; Vanderbilt Cancer Center in Nashville, Tenn.; and Rhode Island Hospital-Brown University in Providence.