DeKalb Medical Center seeks partner

Decatur, Ga.-based DeKalb Medical Center will look to align with local and out-of-state health systems in the approaching months, Georgia Health News reports.

Advertisement

The medical center has experienced leadership changes, job cuts and financial woes in recent months. DeKalb’s CFO resigned in May and left his position in August. The medical center’s COO resigned in November, and its CEO departed in December. The medical center also issued plans to lay off about 60 people and eliminate 80 vacant positions.

Cheryl Iverson, vice president of marketing and strategic planning at DeKalb Medical, said DeKalb’s financial issues are partly a result of treating a large number of uninsured patients, according to the report. Financial hardship has influenced several Georgia hospitals to partner or merge to help them endure healthcare payment changes.

More articles on transactions and valuations:
MultiCare Health System acquires Immediate Clinic Seattle:
Lehigh Valley Health Network, Pocono Health System merger stalled 1.5 years
This week’s 3 most-read transactions and valuations stories

 

Editor’s Note: This story was updated Dec. 20. 

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.