Akron, Ohio-based Summa Health System has signed on 74-bed Wadsworth-Rittman Hospital as an affiliate, promising administrative and operational support to the small hospital in Wadsworth, Ohio, and allowing Summa to expand into fast-growing Medina County.
Wadsworth-Rittman is the sole hospital in WRH Health System, which has entered the agreement with Summa. An affiliation council will bring together four Summa executives and three from WRH to work on strategic direction and value creation related to back-office consolidation, Tom Strauss, Summas president and chief executive officer, said in an interview. WRH will retain its own board of directors to oversee day-to-day operations.
Summa owns two hospitals in Akron and a third a few miles north in Cuyahoga Falls. A year ago, the system formed a joint-operating company with 118-bed Robinson Memorial Hospital, Ravenna, Ohio, which created a shared bottom line, whereas Strauss characterizes the deal with WRH as a management agreement.
This really unlocks one of those key hospitals for our expansion into that market, and as opposed to coming in on our own, allows us to come in as a partner with Wadsworth-Rittman Hospital in the marketplace, Strauss said. Its a growth market for us, which is critical.
The 118-bed Medina (Ohio) General Hospital, previously considering a relationship with Summa, announced a letter of intent in September exploring a relationship with Cleveland-based University Hospitals. -- by Gregg Blesch