DETROIT-Michigan Health Care Corp. has liquidated most of its assets for $24.5 million under sales approved by U.S. Bankruptcy Judge Ray Reynolds Graves. The hospital system filed for Chapter 11 bankruptcy protection in order to restructure $200 million in debt. Detroit Medical Center acquired 19 outpatient clinics in Detroit and surrounding suburbs for $11.6 million. Las Vegas-based Transitional Hospitals Corp. bought 240-bed Michigan Hospital and Medical Center in Detroit for $6.5 million and renamed it THC-Detroit. Warren-based Michigan Mental Health Care Network bought two Detroit psychiatric hospitals with a total of 140 beds, called Aurora Health Care, for $4.2 million. Wayne State University in Detroit paid $2.2 million for another Detroit property.
KANSAS CITY, Mo.-Menorah Medical Center in Overland Park, Kan., will become a demonstration site for health information software produced by Cerner Corp. Health Midwest, Menorah's parent and the largest health delivery system in the Kansas City area, has formed a strategic partnership with Cerner, based in North Kansas City, Mo. Cerner will build a display center for its software at the new Menorah campus. Richard W. Brown, Health Midwest's president, said, "Medical staff and other healthcare professionals will be able to access patient charts, view the results of diagnostic tests and update patient records with the click of a mouse."
ROCHESTER, Minn.-Mayo Clinic Foundation announced an alliance with Marietta, Ga.-based Solvay Pharmaceuticals aimed at advancing healthcare for postmenopausal women. The alliance marks Mayo's fifth multiyear agreement with a research organization since it established an office for strategic alliances, said Kevin Bennett, who chairs the department. Mayo is seeking more multiyear alliances that combine education, research and clinical work, Bennett said, in addition to traditional research contracts of less than one year. "What we're really finding is that it takes a (long-term) collaboration between organizations to be successful," he said. The latest alliance will study care standards and hormone replacement therapy regimens in postmenopausal women. It includes a two-year women's health fellowship that will allow a primary-care or obstetrician/gynecologist physician to participate in education and research. The alliance marks the second major collaboration between the organizations, which joined forces in 1995 to develop practice guidelines for treatment of inflammatory bowel disease.
MILWAUKEE-Aurora Health Care of Milwaukee and Bellin Health System of Green Bay, Wis., tightened their partnership, each adding a second representative to the other's governing board. In 1995, the two providers signed a joint planning agreement, which gave each system one spot on the other's board. That contract was intended to facilitate the development of a regional network of physicians. The supplementary agreement outlines further cooperation. For example, Bellin will install Aurora's health information systems at its facilities. The two organizations also will coordinate laboratory services for their northeast Wisconsin sites. Aurora operates 12 hospitals and 100 clinics in eastern Wisconsin, including 13 clinics in Green Bay and outlying areas. Bellin includes a 165-bed acute-care hospital, an 87-bed psychiatric facility and 19 physician clinics.
WINONA, Minn.-Benedictine Health System has taken over sponsorship of Saint Anne Hospice, a 134-bed nursing home in Winona. Previously, its sponsors were Sisters of St. Francis of the Academy of Our Lady of Lourdes, Rochester, Minn. Financial terms of the transfer weren't disclosed. Benedictine, based in Duluth, now comprises seven hospitals, 14 nursing homes and several other healthcare facilities in the Midwest and Idaho.