Michigan City, Ind., will remain a two-hospital town.
Merger talks between 102-bed Memorial Hospital of Michigan City and 141-bed Saint Anthony Hospital and Health Centers ended late last month, executives confirmed last week. Executives from both hospitals said citizens in the city of 33,000 wanted to "continue to have a choice."
"Our board felt that having two acute-care hospitals in Michigan City, as we have had for over 75 years, is still in the best interests of the community," said Burton Ruby, chairman of the Memorial hospital board.
Terms of the aborted deal called for Saint Anthony's parent, Sisters of St. Francis Health Services of Mishawaka, Ind., to acquire Memorial, a stand-alone, not-for-profit facility. No further information was disclosed.
The hospitals renewed their affiliation talks earlier this year about the same time the city's only psychiatric hospital, 89-bed Charter Behavioral Health System of Michigan City, Ind., said it was closing (July 15, p. 19).
The hospitals said their discussions didn't get to the point where they were ready to talk to federal antitrust agencies. "We didn't think it would have a problem clearing (federal antitrust)," said Renee Pruitt, vice president of development at Memorial.
Both hospitals said they would try to work with each other in future endeavors when possible.
"This development with Memorial Hospital in no way compromises our commitment to the community and the people we serve," said Bruce Rampage, Saint Anthony's chief executive officer.
Combined, the two hospitals have more than $60 million in assets and had net revenues of more than $65 million in 1994, the latest year for which financial figures were available from HCIA, a Baltimore-based healthcare information company.