Adventist will get approval to accumulate Oregon hospital working within the purple
The Oregon Well being Authority on April 13 permitted Roseville, Calif.-based Adventist Well being’s acquisition of the Mid-Columbia Medical Middle within the Dalles, Ore., in line with the Columbia Community Connection.
4 issues to know:
1. MCMC is going through vital monetary challenges — it posted a $10 million working loss in 2022, and its days of money available is troubling, in line with the report. There are solvency considerations for the hospital if the transaction is just not accomplished. Adventist will assume MCMC’s monetary obligations and can make investments $100 million of capital into MCMC over the following 10 years.
2. MCMC lately suspended oncology companies at Celilo Most cancers Middle because of staffing shortages. The Oregon Well being Authority is anxious that MCMC will likely be compelled to chop extra companies within the subsequent yr if these challenges proceed, however the proposed acquisition will considerably enhance the hospital’s monetary situation, in line with the report.
3. Adventist has dedicated to sustaining all MCMC’s amenities, companies and applications, together with current reproductive and end-of-life companies. The affiliation will assist MCMC entice and keep physicians and develop companies for native communities.
4. MCMC is a nonprofit well being system that operates a neighborhood hospital, a most cancers heart and 22 healthcare clinics within the area. It would grow to be a member of Adventist’s community in Oregon, which incorporates Adventist Portland and Adventist Tillamook hospitals.
#Adventist #approval #purchase #Oregon #hospital #working #purple, 1681498821