Good Samaritan nears deal
MultiCare Health System, Tacoma, Wash., entered into exclusive talks to acquire Good Samaritan Community Healthcare, Puyallup, Wash. The prospective partners, both not-for-profits, might sign a memorandum of understanding early this month after further due diligence, said Glenn Kasman, Good Samaritan's vice president of strategic operations. MultiCare was one of four finalists among 11 suitors that came forward after 201-bed Good Samaritan unveiled plans last November to seek a merger or acquisition. Weak finances, an aging facility and strong population growth prompted the decision, officials said.
85-bed S.C. hospital approved
Roper St. Francis Healthcare, Charleston, S.C., last week said state regulators have approved its plan to build an 85-bed, $123 million hospital in Mount Pleasant, a suburb of Charleston. Under the terms of the certificate-of-need approval, Roper St. Francis cannot break ground on the hospital for two years. In a decision letter, the state Department of Health and Environmental Control said the two-year delay will "allow appropriate time for the orderly development of healthcare facilities in Mount Pleasant." The 85 beds are being shifted from Roper Hospital in Charleston. Roper St. Francis expects to open the hospital in late 2009 or 2010, a spokeswoman said. Competitors, such as East Cooper Regional Medical Center in Mount Pleasant, have 10 days to appeal the decision. East Cooper is owned by Tenet Healthcare Corp., Dallas.
Upgrade at Henry Ford flagship
Detroit-based Henry Ford Health System this month unveiled a $300 million expansion effort for its 673-bed flagship Henry Ford Hospital. The money will be spent on creating 80 patient beds and 18 intensive-care unit beds, as well as operating rooms, and research facility renovations. The system's chief operating officer, Bob Riney, said investing in Henry Ford Hospital is an investment in the future of Detroit.