IBJNews

Community, Westview hospitals in 'strategic alliance' talks

Back to TopCommentsE-mailPrintBookmark and Share

Community Health Network and Westview Hospital are in talks about a “strategic alliance,” the two Indianapolis hospitals announced Thursday afternoon.

Westview, located at West 38th Street and Guion Road, said its board of directors chose Community for exclusive talks after considering several other potential partners. In a joint statement, the hospitals said they are both looking “to meet the challenge of health reform and fulfill their shared missions.”

Westview requested proposals for a strategic alliance from the four major hospitals systems in Indianapolis earlier this year. Community operates five hospitals in Indianapolis and Anderson.

The two entites are entering the “due diligence” phase, during which they will determine what form their alliance will take. Westview CEO Jon Anderson said he hopes to have a letter of intent by year's end. He would not directly say if Westview wants to remain independent or merge with Community.

"Certainly, Westview Hospital wants to continue to exist. There’s a really great heritage at this hospital," Anderson said. "Whether independence or not is the right word, we certainly want to know that we’re going to grow and prosper."

Many independent hospitals have been looking to partner with larger systems in recent years in a bid for greater efficiencies through buying power with vendors, particularly on information technology, negotiating leverage with health insurers, access to specialist physicians and more attractive financing terms for capital projects.

Westview leaders want to expand some service lines and add specialists to help take on the training of 30 new medical students each year, who will come when Marian University opens a new college of osteopathic medicine in the fall of 2012. In addition, Westview said the health reform law's encouragement of doctors and hospitals to take financial responsibility for the care of patients required Westview to find a larger partner with whom to share that risk.

"Those challenges will be better met with increased size," Anderson said. "So we think aligning and partnering with a bigger institution will help."

Westview has 67 beds and pulled in revenue of $106 million in its 2009 fiscal year, according to the website AHD.com. Community Health’s facilities have roughly 1,000 beds and pull in revenue of $1.2 billion.

“They’ve reached out to everyone to help them support what they do, and we said that we would do that,” said Mills. “We’re very supportive of their mission.”

Westview is the state’s only hospital of osteopathic medicine, which focuses especially on patients’ overall wellness. Community said it supports osteopathic medicine, and noted that it has committed $5 million toward the construction of Marian's new college of osteopathic medicine in Indianapolis.

Community has not joined the recent spate of acquisitions by Indianapolis’ two largest hospital systems, Clarian Health and St. Vincent Health.

However, Mills said Community is interested in joining forces with other hospitals in the right circumstances.

“We are interested, with the right hospitals in the right location,” he said.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Angela IS the best RD

  2. We are a nation of speed. All of our younger lives are filled with deadlines, quotas and bottom lines. We start to ease out of the pressured rat-race when we finally see "retirement." The most enjoyable travel on the planet is passenger rail service. Indy to Chicago does not beat Megabus or Southwest Airlines in speed. Passenger rail however has the best seating, mammoth legroon, seat backs that recline to more than 45 degrees and employers that really want you to return as a customer. Indiana municipalities need to maintain subsidies to support this transportation mode. Losing it is loss for all of us.

  3. Good day! I just want to testify how i got my loan from Mr. Eric Lefkofsky after i applied several times from various loan lenders who claimed to also testify right in this forum,i thought the testimonies where real and i applied but they never gave me loan. I was in need of an urgent loan to start a business and i applied from various loan lenders who promised to help but they never gave me the loan. Until a friend of mine introduce me to this popular Mr. Eric Lefkofsky who promised to help me and indeed he did as he promised without any form of delay. I never thought there are still reliable loan lenders until i met Mr. Eric lefkofsky who indeed helped me with the loan and changed my belief. I promised to share this testimony after I got my loan. I don't know if you are in any way in need of a genuine and urgent loan,free feel to contact Mr. Eric Lefkofsky via their email{grouponfunding@hotmail.com}

  4. Its a THUG issue. Bleecker Street and NYX are thug bars. They attract thugs of all races. Places that attract thugs need to be kicked out of Broad Ripple. Ain't nobody got time for that!

  5. Hello everyone, My name is Marian Gareth, I am from the Texas, United State, am here to testify of how i got my loan from Mr Andre Frank {frankloancompany@yahoo.com} after i applied Two times from various loan lenders who claimed to be lenders right in this forum,i thought their lending where real and i applied but they never gave me loan. I was in need of an urgent loan to start a business and i applied from various loan lenders who promised to help but they never gave me the loan.Until a friend of mine introduce me to Mr Andre Frank the C.E.O of Andre Frank Loan Company who promised to help me with a loan of my desire and he really did as he promised without any form of delay, I never thought there are still reliable loan lenders until i met Mr Andre Frank, who really help me with my loan and changed my lief for better. I don't know if you are in need of an urgent loan, free feel to contact Mr Andre Frank on his email{ Frankloancompany@yahoo.com} for help

ADVERTISEMENT