Triad plan up for vote in Alaska
The 2,300 members of the Valley Hospital Association, which oversees 36-bed Valley Hospital, Palmer, Alaska, will vote on a proposal from Triad Hospitals, Dallas, to build a $75 million, 75-bed replacement facility near Palmer, Triad said last week. A two-thirds majority must vote in favor of the proposal; ballots are due Nov. 14. For-profit Triad would be the majority owner in a joint venture with the not-for-profit association, but the company and the association each would name half of the joint venture's 10-member board. Triad does not own or operate any hospitals in the state.
Osteopathic hospital to close
Henry Ford Health System said last week it will close its Riverside Osteopathic Hospital, Trenton, Mich., by Dec. 31, citing the departure of its medical staff and a projected $21 million loss over the past four years. In July the health system merged the hospital with 305-bed Henry Ford Wyandotte (Mich.) Hospital, intending to turn the osteopathic facility into an ambulatory and emergency-care center. The departure of 100 Riverside Osteopathic physicians to a competitor doomed the plan, Wyandotte Riverside President and CEO Jim Sexton said. Earlier this year, a proposed merger between Riverside Osteopathic and 72-bed Oakwood Southshore Medical Center in Trenton also collapsed. The hospital has been operating only six acute-care beds since July. Officials hope to sell the facility once it's closed, Sexton said.
Texas surgical hospital to open
Jim Field, an Austin, Texas, developer, said earlier this month he and a business partner have purchased the shuttered 24-bed Renaissance Women's Center in Austin and will reopen it as a surgical hospital offering neurological and orthopedic services. Universal Health Services closed the unprofitable hospital in February 2001 after less than four years of operation. The hospital was listed on the market at $15 million. Field said Ortho-Neuro, Charlotte, N.C., would manage it.