McLaren Health Care, Flint, Mich., announced that it has purchased the 262-bed POH Medical Center in Pontiac, Mich., and its eight satellite facilities for an undisclosed amount. Opened in 1953 and formerly known as the Pontiac Osteopathic Hospital, the facility will now operate as POH Regional Medical Center with President and Chief Executive Officer Patrick Lamberti retaining his position, said McLaren Vice President of Marketing Kevin Tompkins.
POH broke even last year on revenue of about $200 million, Tompkins said, adding that Pontiac is a tough market, and people are scratching for market share and scratching for volume.
Tompkins also noted that Lamberti and McLaren President and CEO Philip Incarnati have known each other for about 30 years and that Pat interviewed Phil for one his first healthcare jobs.
With the acquisition, McLaren now has eight hospitals to go along with a nursing service, a health plan, and about 150 other locations such as clinics, ambulatory surgery centers, and physician offices. In July, it started construction on a health village 12 miles north of Pontiac in Independence Township. Tompkins said McLaren estimates that the 78-acre complexwhen completedwill cost between $500 million and $600 million to build. -- by Andis Robeznieks
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