NW Indiana Hospital Merger Talks Escalate

Posted: Updated:
Ray Grady is CEO of Methodist Health. Ray Grady is CEO of Methodist Health.
MISHAWAKA, GARY, MERRILLVILLE -

Two of the largest health care systems in northwest Indiana could merge. Mishawaka-based Franciscan Alliance and Methodist Hospitals have signed a letter of intent to create one system that would be "better positioned" to meet future health care challenges. Methodist, which has hospital campuses in Gary and Merrillville and health centers throughout the region, first announced it would consider merger options mid-last year.

The non-binding letter has been signed, and for the next 120 days, the two systems will hold exclusive discussions. In a letter to employees obtained by our partners at The Times of Northwest Indiana, Methodist Chief Executive Officer Ray Grady says he is optimistic about the possibilities. He added the potential combination "offers a path forward to enhance the delivery of high-quality, accessible, cost-effective health care in our region, improving the quality of life of our families and neighbors."

In a statement, Franciscan Alliance CEO Kevin Leahy said “we believe that, together, we can provide better access to care, enhance patient services, improve quality, and lower costs through cooperation. By leveraging the talent and expertise of our physicians and clinical staffs we can improve the patient experience for those whom we are privileged to serve."

Franciscan Alliance employs some 20,000 throughout the state and Methodist has more than 2,400 workers.

  • Perspectives

    • An Antidote For First-Time Homebuyer Jitters

      If you're a Millennial like I am, chances are you're in the market to purchase your first home. It's exciting!  But since it's most likely the largest purchase you've ever made, it can quickly turn into a nerve-racking endeavor. Having just completed a transaction, I found that following these guidelines can ensure a smooth process. Every homebuyer's experience will be different because of a number of variables such as what state you live in and the condition of the housing mark...
    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • The Finish Line Acquisition Complete

      The nearly $560 million acquisition of Indianapolis-based The Finish Line Inc. is complete. The deal by JD Sports Fashion plc, a retailer headquartered in the United Kingdom, was announced in March. Finish Line shareholders last week approved the transaction. The Finish Line is now a wholly-owned subsidiary of JD Sports. Finish Line Chief Executive Officer Sam Sato will remain with the surviving corporation and will maintain a seat with the board of directors.

    • (Image courtesy of IU Health West.)

      IU Health West President Updates $80M Expansion

      As executives continue to receive feedback about an $80 million expansion of Indiana University Health West Hospital in Avon, newly-appointed President Art Vasquez says the project is focused on the future. Plans call for four dozen additional beds, a new operating room and additional laboratory and support service space. Vasquez tells Inside INdiana Business capacity issues at the 14-year-old Hendricks County facility have led to hundreds of patients a year being transported elsewhere.

    • Delta Begins Nonstop to Seattle

      Delta Air Lines now offers a nonstop flight from Indianapolis International to Seattle-Tacoma International Airport. The first flight leaving Monday night will be a milestone for the Indy airport, since it will now connect to all Delta hubs in the U.S. 

    • Colts Makes Promotions, Hires

      The Indianapolis Colts have announced the following changes to its football operations staff and team. Ed Dodds has been named assistant general manager. He enters his second season with the Colts and his 16th year in the NFL. Brian Decker has been promoted to director of player development. Jon Shaw has been elevated to assistant director of pro scouting. Also, Stephanie Pemberton (pictured) has been promoted to vice president of marketing.

    • Ohio River Crossing Updates Prove More Costly

      The I-69 Ohio River Crossing Project Team has unveiled updated preliminary alternatives for I-69 bridge and interstate connections that come with higher price tags. The group says the changes on the Evansville-to-Henderson, Kentucky project were based in part on public input on factors ranging from routes to tolling.