University Hospitals has an established relationship with St. John Medical Center, as UH and Cleveland-based Sisters of Charity Health System took on co-ownership of the hospital in 1999.
In August, UH and SCHS signed an agreement to transfer sole ownership of St. John Medical Center to UH.
“We see full ownership by University Hospitals as the next logical step in the progress of our shared vision,” said University Hospitals CEO Thomas F. Zenty III. “We have the deepest respect for the healing ministry of the Sisters of Charity Health System and look to sustain this legacy of care far into the future by bringing new programs and services to St. John while integrating care with our other hospitals and facilities in the area.”
More articles on healthcare industry transactions:
31 hospital transactions and partnerships in October
Court approves Prime’s takeover of bankrupt Georgia hospital
Hospital M&A activity picks up pace: 4 key findings
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.