Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

Onslow Memorial Hospital Seeks Partner

Onslow Memorial Hospital in Jacksonville, N.C., is seeking a potential partner to help it surmount various financial challenges, according to a report from The Daily News.

The 162-bed community hospital has sent out seven requests for proposal to potential partners whose identities have not been disclosed, according to the report. Pressures such as sequestration cuts, North Carolina's decision not to expand its Medicaid program, the cost of maintaining biomedical equipment and increasing bad debt in conjunction with the rise of high-deductible health plans are financially straining the hospital, according to the report.

The hospital is looking to create a formal alliance with another organization, according to the report. However, Onslow Memorial CEO Ed Piper told the News the hospital is "not looking to be sold."

More Articles on Hospital Partnerships:
Alexian Brothers, Adventist Midwest Health to Affiliate  
Northstar Health System, Aspirus Affiliate
7 Recent Hospital Transactions and Partnerships 

 

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars